Description
Prime retail strip center located immediately adjacent to River Park in one of Fresno's strongest commercial corridors. The property benefits from excellent income demographics, high traffic counts, and outstanding visibility. Recent capital improvements include new roofs on both buildings (2023) and new HVAC systems (2023), minimizing near-term maintenance risk. The center consists of 6 units, with 2 currently vacant, and remaining tenants on month-to-month leases, providing flexibility to increase rents and improve operations. The property currently cash flows, offering income from day one.Zoned CMX (Commercial Mixed-Use), the asset offers clear upside through lease-up and rent growth, with long-term flexibility supported by its irreplaceable River Park location. Bonus depreciation may provide meaningful tax advantages for qualified buyers.A rare opportunity to acquire a well-located, income-producing property with built-in upside in one of Fresno's most desirable retail corridors.
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0BEDS
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0.44ACRES
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0BATHS
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01/2 BATHS
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7,586SQFT
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$117$/SQFT
School Ratings & Info
Description
Prime retail strip center located immediately adjacent to River Park in one of Fresno's strongest commercial corridors. The property benefits from excellent income demographics, high traffic counts, and outstanding visibility. Recent capital improvements include new roofs on both buildings (2023) and new HVAC systems (2023), minimizing near-term maintenance risk. The center consists of 6 units, with 2 currently vacant, and remaining tenants on month-to-month leases, providing flexibility to increase rents and improve operations. The property currently cash flows, offering income from day one.Zoned CMX (Commercial Mixed-Use), the asset offers clear upside through lease-up and rent growth, with long-term flexibility supported by its irreplaceable River Park location. Bonus depreciation may provide meaningful tax advantages for qualified buyers.A rare opportunity to acquire a well-located, income-producing property with built-in upside in one of Fresno's most desirable retail corridors.
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