946 Fulton StFresno, CA 93728

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

Medical offices

Property subtype

Medical centers

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.

• 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

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

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