For Sale
$600,000

87 Olive AveFresno, CA 93728

Prime Fresno Office Building, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a two-story, Class C office building situated at 87 E Olive Ave, Fresno, CA 93728. The property, built in 1969, encompasses a substantial 2,940 square feet of net rentable space across 13 units, currently generating $4,100 in monthly rental income (62% occupancy). The building sits on a generous 5,950 square foot lot, zoned CMS, offering potential for expansion or redevelopment. The asking price is $600,000, translating to $204.08 per square foot. Key features include owned solar panels, contributing to energy efficiency and cost savings. This property represents a compelling investment prospect in Fresno's desirable Tower District, offering a blend of immediate income generation and future growth potential. The property's 13 units provide flexibility for various uses, including creative, medical, or traditional office spaces. The substantial lot size provides ample room for future development or expansion. This is a rare chance to acquire a well-located commercial property with existing income and significant upside. The APN is 450-172-11.

Highlights

  • Class C, two-story office building totaling 2,940 square feet of net rentable area.
  • Located at 87 E Olive Ave, Fresno, CA 93728, on a 5,950 square foot lot (APN 450-172-11), zoned CMS.
  • Currently generating $4,100 monthly rental income from 13 units (62% occupancy).
  • Asking price: $600,000 ($204.08/SF).
  • Features owned solar panels.

Property Details for 87 Olive Ave

Property type
Office properties, Medical offices
Square Feet
2,940 SF
Class
C
Year Built
1969
Stories
2
Lot Size (sq. ft)
259,182,000 SF
Units
13

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.757790481665
Longitude
-119.81085861152
87 Olive Ave, Fresno, California

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87 Olive Ave
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