3710 N First Street

    Fresno, CA 93726
    • $2,425,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 502797
    UPDATED: 61 min ago
    $2,425,000
    • 0
      BEDS
    • 3.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 48,688
      SQFT
    • $50
      $/SQFT
    Neighborhood:
    726
    Type:
    Commercial
    Built:
    1974
    County:
    Area:
    726

    School Ratings & Info

    Description

    Calling all serious investors to this fantastic value-add opportunity! This property features over 48,000 SF of office space across 16 buildings and is situated on a large 3.5 acre parcel on the southeast corner of Dakota and First in central Fresno. There is an abundance of parking here with over 160 spaces and there are 14 gated entrances into the complex making parking and accessing the units very convenient and easy. Right now the property is grossing $16,416 in monthly income and that is with only about 40% of the available footage currently leased. With a makeover and a strong leasing effort you would have the potential to double the existing income. At under $50/SF this property is a rare option in the current market. Don't wait, act now!

    Monthly Payment Calculator



    © 2018 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-05-25T22:47:24.17.
    www.fresyesrealty.com/homes/83596886

    3710 N First Street Fresno, CA 93726

    • Price: $2,425,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: 502797
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.5
    Acres
    48,688
    SQFT
    $50
    $/SQFT
    1974
    Built
    Neighborhood:
    726
    County:
    Fresno
    Area:
    726
    Property Description
    Calling all serious investors to this fantastic value-add opportunity! This property features over 48,000 SF of office space across 16 buildings and is situated on a large 3.5 acre parcel on the southeast corner of Dakota and First in central Fresno. There is an abundance of parking here with over 160 spaces and there are 14 gated entrances into the complex making parking and accessing the units very convenient and easy. Right now the property is grossing $16,416 in monthly income and that is with only about 40% of the available footage currently leased. With a makeover and a strong leasing effort you would have the potential to double the existing income. At under $50/SF this property is a rare option in the current market. Don't wait, act now!
    Exterior Features

    Access City Street Exterior StuccoWood Location Corner Parking Over 21 Spaces Region Urban Roof CompositionFlat

    Interior Features

    Alarm And Security Sys Security Gates Heating And Cooling Central Heat/Cool Office Sq Ft 0

    Property Features

    Available Date 1800-01-01 Cross Street Address Dakota Electric Individual Meter Existing Loan Free & Clear Lease Type Net Lot Measurement Sqft Lot Size Source (Tax Records) Operating Expense 61441.00 Operating Income 196992.00 Owner Pays UtilitiesTaxesInsuranceMaintenance Fees Potential Use General OfficeMedical Office Property Subtype1 Office Property Subtype2 Medical/Dental Reo Or Bank Owned No Restrooms 2 Sale Options Total Parcel Only Sales Includes Land & Improvements Square Footage Source Tax Records Tenant Pays Utilities Terms ConventionalCash Transaction Type Sale Water Sewer Gas City WaterIndividual Gas

    Listing provided courtesy of Michael Garabedian of London Properties, Ltd..


    © 2018 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-05-25T22:47:24.17.
     
    Fresyes Realty
    7785 N. Palm Ave #108
    Fresno CA, 93711