2811 Blackstone AveFresno, CA 93703

Property Details for 2811 Blackstone Ave

Property size (Sq ft)

6,866 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fully leased, 6,866 square foot retail building situated on approximately 1.04 acres in Fresno, California. The property, located at 2811 N Blackstone Ave, boasts nine separate, economical office/retail spaces, each with a private restroom, currently leased to long-term tenants under a modified gross lease. Two suites feature brand new HVAC systems installed in 2021. The property generates a substantial annual income of $75,600, with significant upside potential through scheduled rent increases (3% annually) and market rate adjustments for smaller units, projected to reach $94,584 annually within 6-12 months. The building offers flexible configurations, ranging from approximately 375 to 1,200 square feet, with connecting doors allowing for larger unit creation. Amenities include high-speed internet access, separate meters, private ADA-compliant restrooms, a fully lit private parking lot, excellent signage, and high visibility. Its prime location on Blackstone Avenue, near Manchester Center and other major retailers, provides exceptional access to CA-41 and CA-99 freeways, ensuring high consumer traffic and strong visibility. The property features a newer roof and hard surface flooring, contributing to low maintenance and high return. The asking price is $790,000, representing a 7.46% cap rate and a strong cash-on-cash return when leveraged. This is a rare opportunity to acquire a cash-flowing asset in a thriving retail corridor with significant growth potential.

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7762

Longitude

-119.791

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