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190 N Van Ness Avenue

Fresno, CA 93701
  • $698,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 620171
Foreclosure
UPDATED: 62 min ago
$698,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,747
    SQFT
  • $186
    $/SQFT
Neighborhood:
701
Type:
Commercial
Built:
1966
County:
Area:
701

School Ratings & Info

Description

190 Van Ness Professional Office Suites is a 12 individual unit single story office building ideally located in Downtown Fresno. It is well positioned with upside potential. Current pricing reflects a 6.65 Cap Rate. Rents per square foot have risen dramatically since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. This property is fully ADA compliant. The 190 Van Ness Professional Office Suites were completely remodeled in early 2023 with fully owned solar added in August 2024. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure, rent roll and detailed financials. Showings available.

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© 2024 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. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-11-05T23:46:32.623.
www.yourfresnorealty.com/homes/156853664
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190 N Van Ness Avenue Fresno, CA 93701

  • Price: $698,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 62 min ago
  • ID#: 620171
0
Beds
2
Baths
0
½ Baths
0.27
Acres
3,747
SQFT
$186
$/SQFT
1966
Built
Neighborhood:
701
County:
Fresno
Area:
701
Property Description
190 Van Ness Professional Office Suites is a 12 individual unit single story office building ideally located in Downtown Fresno. It is well positioned with upside potential. Current pricing reflects a 6.65 Cap Rate. Rents per square foot have risen dramatically since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. This property is fully ADA compliant. The 190 Van Ness Professional Office Suites were completely remodeled in early 2023 with fully owned solar added in August 2024. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure, rent roll and detailed financials. Showings available.
Exterior Features

Access FreewayMajor HighwayCity Street Exterior Brick/BlockStuccoWood Fence Chain Link Loading None Location Corner Parking 10 - 20 SpacesStreet Region Urban Roof Flat

Interior Features

Alarm And Security Sys BurglarMonitored Floor Concrete Perimeter Heating And Cooling Central Heat/Cool Office Sq Ft 0 Stories One

Property Features

Available Date 1800-01-01 Cross Street Address Divisadero Electric Master Meter Existing Loan Free & Clear Lease Type Net Lot Measurement SqFt Lot Size Source (Tax Records) Miscellaneous Security LightingHandicap FacilitiesSecurity LightingSignage Occupancy Full ServiceGross Lease Operating Expense 34843.00 Operating Income 81312.00 Owner Pays UtilitiesTaxesInsuranceMaintenance FeesParking AreaJanitorial Potential Use General OfficeMedical OfficeRetail StoreShop - Neighborhood Property Subtype1 Office Reo Or Bank Owned Yes Restrooms 2 Sale Options Total Parcel Only Sales Includes Land & ImprovementsBuilding (s) Special Conditions 1031 Exchange Square Footage Source Tax Records Tenant Pays Other Terms ConventionalCashOwner Carry Transaction Type Sale Water Sewer Gas City WaterCity SewerMaster Gas Meter Zoning NMX

Listing provided courtesy of Jeffrey Zimmerman of Realty Concepts, Ltd. - Fresno: accounting@realtyconcepts.com;559-490-1500.


© 2024 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. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-11-05T23:46:32.623.
 
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