2921 Blackstone AveFresno, CA 93703

  • Office buildings
  • 4,212 SF
For Sale
$420,000 View listing

Property Details for 2921 Blackstone Ave

Year built
1960
Construction
WOOD
Lot size
0.13 AC
Property size (Sq ft)
4,212 SF
Zone code
NMX
Property type
Office buildings
APN
443-182-12
APU
44318212

Description

This exceptional mixed-use property, located at 2921 N Blackstone Ave in Fresno, California, presents a compelling investment opportunity. The 4,212 square foot building sits on a 0.13-acre lot and features six individual units, currently operating at 57% occupancy. Built in 1960, the single-story structure is zoned NMX, allowing for a variety of uses. The asking price is $420,000, translating to a price per square foot of $99.72. This established building is situated in Fresno's desirable Blackstone corridor, a location known for its strong commercial activity. The property's 1960 construction offers a blend of classic charm and modern adaptability. The building's six units provide a diverse income stream and potential for future growth. The property's address is verified as 2921 N Blackstone Ave, Fresno, CA 93703, within Fresno County. The Assessor's Parcel Number (APN) is 443-182-12. This is a rare opportunity to acquire a well-located, mixed-use property with significant upside potential in a thriving market. The property's strong location and flexible zoning make it an ideal investment for both seasoned and emerging investors seeking a stable and potentially high-return asset. The building's current occupancy rate offers immediate cash flow, while the remaining vacant units present opportunities for increased revenue.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $854,553
    6.5%
    $788,818
    7%
    $732,474
  • Comparable approach

    Method
    Valuation
    Relative Method
    $607,270
    Geo Method
    $1,174,769
  • Alternative Use

    Use
    Valuation
    Residential
    $978,134
    Hospitality
    $895,966
    Educational
    $745,433
    Medical
    $771,070
    Retail
    $1,159,563

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7772
Longitude
-119.791
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
$3,821
$60,149
$229,664
$289,813
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].