2816 Blackstone AveFresno, CA 93703

Property Details for 2816 Blackstone Ave

Year built

1959

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

3,327 SF

Zone code

RS5

Property type

Medical offices

Property subtype

Medical centers

APN

445-103-23

APU

44510323

Description

This exceptional commercial building, located at 2816 N Blackstone Ave in Fresno, California, presents a lucrative investment opportunity. The property boasts a total of approximately 3,430 square feet of net rentable space within a larger building footprint situated on approximately 11,761 square feet of land. The asking price is $535,000, translating to approximately $156 per square foot. Key features include a fenced covered courtyard, ample parking, and an outdoor patio, enhancing both functionality and aesthetic appeal. The property's central location offers convenient access to Fresno City College, Freeway 41, and the Manchester Center, ensuring high visibility and accessibility. The property's estimated cap rate is approximately 6.45%. The Assessor's Parcel Number (APN) is 445-103-23. This property is ideal for a variety of commercial uses and represents a strong investment opportunity in a thriving Fresno location. The building's size and features make it suitable for a range of businesses seeking a well-maintained and conveniently located space. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $672,859

  6.5%

  $621,101

  7%

  $576,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $479,299

  Geo Method

  $927,934

• Alternative Use

  Use

  Valuation

  Residential

  $770,165

  Hospitality

  $705,467

  Educational

  $586,940

  Medical

  $607,126

  Retail

  $913,018

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7762

Longitude

-119.79

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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