617 Fulton StFresno, CA 93728

Property Details for 617 Fulton St

Year built

1953

Lot size

0.95 AC

Property size (Sq ft)

2,300 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional owner-user/investment opportunity in Fresno, CA, presents a compelling blend of immediate income and future growth potential. Located at 617 N Fulton St, this single-story, 2,300 square foot building sits on a 0.951-acre lot (APN 452-274-04) and features three units, each with an open floor plan and private restroom. Currently 100% occupied with long-term tenants, the property generates a current NOI of $23,740, representing a 6.78% cap rate. The asking price is $350,000 ($152.17/sq ft and $116,667 per unit). Significant value-add potential exists through lease renegotiations with one under-market tenant, projected to increase the NOI to $27,400 and the pro-forma cap rate to 7.83%. The property benefits from high visibility on Fulton Street, excellent access to major freeways, and proximity to Fresno City College and CSU Fresno. The building's location within a thriving commercial area, combined with its strong tenant base and value-add opportunities, makes it an attractive investment for both owner-users and investors seeking a stable, high-return property. The permitted zoning is CMS - Commercial Main Street, and the building was constructed in 1953. This well-maintained property offers a unique opportunity to acquire a versatile commercial space with immediate income and substantial upside potential in a desirable Fresno location.

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7518

Longitude

-119.801

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