2818 Belmont AveFresno, CA 93701

  • Retail space
  • 2,350 SF
For Lease
$8.64/SF/YR View listing

Property Details for 2818 Belmont Ave

Year built
1966
Construction
TILT-UP CONCRETE
Lot size
0.10 AC
Property size (Sq ft)
2,350 SF
Zone code
NMX
Property type
Retail space
APN
459-092-28
APU
45909228

Description

This single-story, 2,350 square foot office/retail building presents a unique investment opportunity in Fresno, CA. Built in 1966, the property sits on a 4,250 square foot lot and is zoned NMX. The building features a retail storefront, ample storage space, and a loft area complete with a small kitchen and a single restroom. A fenced rear lot provides convenient parking and additional storage capacity. The property's strategic location on Belmont Avenue, just east of Fresno Street, offers excellent visibility and accessibility. Its proximity to the Highway 41 and 180 interchange ensures convenient access to major transportation routes. The property's address is 2818 E Belmont Ave, Fresno, CA 93701, with the APN 459-092-28 in Fresno County. This versatile property is ideal for a variety of uses and represents a strong value proposition for investors seeking a well-located commercial property with significant storage and loft space. The single tenancy structure simplifies management and provides a stable income stream. The property's combination of retail storefront, storage, and loft space makes it suitable for a range of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $489,732
    6.5%
    $452,060
    7%
    $419,770
  • Comparable approach

    Method
    Valuation
    Relative Method
    $786,384
    Geo Method
    $1,651,705
  • Alternative Use

    Use
    Valuation
    Residential
    $381,330
    Hospitality
    $349,296
    Educational
    $290,610
    Medical
    $300,605
    Retail
    $452,060

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7501
Longitude
-119.778
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
$1,633
$30,934
$86,636
$117,570
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