946 Fulton StFresno, CA 93728

  • Healthcare properties
  • 2,784 SF
For Sale
$439,000 View listing

Property Details for 946 Fulton St

Year built
1945
Construction
WOOD
Lot size
0.23 AC
Property size (Sq ft)
2,784 SF
Zone code
CMS
Property type
Healthcare properties
Property subtype
Medical offices
APN
452-115-03
APU
45211503

Description

This exceptional commercial property, located at 946 N Fulton Street in Fresno, California, presents a unique investment opportunity in the thriving Tower District. The 2,784 square foot building sits on a 0.23-acre lot and is currently generating income with three leased units: two 3-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Its central location offers unparalleled access to the area's vibrant cultural attractions, entertainment venues, and a strong community atmosphere. The property's proximity to downtown Fresno, major hospitals, Fresno City College, and Fresno State University ensures high visibility and convenient access for both employees and customers. The CMS zoning allows for a wide range of commercial and residential uses, providing significant flexibility for future development. The substantial lot size presents excellent potential for expansion, such as adding an accessory dwelling unit (ADU) or increasing parking capacity. This property offers a blend of immediate income generation and long-term development potential, making it an ideal investment for discerning buyers seeking a prime piece of Fresno real estate in a highly desirable location. Don't miss this chance to acquire a property with such versatility and potential in the heart of the Tower District.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $394,677
    6.5%
    $364,318
    7%
    $338,295
  • Comparable approach

    Method
    Valuation
    Relative Method
    $369,688
    Geo Method
    $776,485
  • Alternative Use

    Use
    Valuation
    Residential
    $451,754
    Hospitality
    $413,804
    Educational
    $344,280
    Medical
    $356,120
    Retail
    $535,547
946 Fulton St, Fresno, California

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7547
Longitude
-119.8
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,767
$55,774
$144,958
$200,732
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FAQs

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