This 7,319 square foot mixed-use property at 373 N. Fresno St., Fresno, CA 93701, is a unique investment opportunity. The building, constructed in 1920 and 1948, and currently undergoing renovations completed in 2024, boasts 5 units: three commercial spaces on the ground floor and two 3-bedroom, 1-bathroom apartments on the second floor. Recent upgrades include new fire sprinklers, electrical, plumbing, and roof repairs, showcasing exposed original brick architecture. The sale includes key fixtures and appliances to be installed by the buyer. The property sits on a 9,963 square foot lot and includes a security-gated parking lot with approximately 12 spaces. One commercial unit is currently leased under a triple-net (NNN) 10-year lease (commencing November 1, 2022, expiring October 31, 2032) with an 8-year remaining term and a 5-year renewal option, featuring a 4% annual rent increase. The property is zoned NMX (Neighborhood Mixed Use) and is ideally situated near Downtown Fresno and the Tower District, offering easy access to major freeways (180, 41, and 99), public transit, the future High-Speed Rail station, and Fresno Yosemite International Airport. The asking price is $750,000, sold as-is, with the buyer responsible for completing remaining renovations. Seller financing may be available. This heritage-designated property may qualify for funding to support preservation and restoration efforts. Further details on this opportunity can be found through the City of Fresno Historic Preservation page.
Highlights
7,319 SF mixed-use building on a 9,963 SF lot in Fresno, CA, offering 3 commercial units and 2 residential units.
Substantial renovations completed in 2024, including new fire sprinklers, electrical, plumbing, and roof; exposed original brick. Key fixtures and appliances included. Buyer responsible for completing remaining renovations.
One commercial unit under a triple-net (NNN) lease with 8 years remaining and a 5-year renewal option, featuring a 4% annual rent increase.
Located near Downtown Fresno and Tower District, with easy freeway access (180, 41, 99), proximity to public transit, the future High-Speed Rail station, and Fresno Yosemite International Airport. $750,000 asking price; seller financing may be available. Property is NMX zoned.
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Ron Stumpf
Veronica Stumpf
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373 Fresno St, Fresno, California, 93701
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373 Fresno St
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