According to the listing agent, this listing is a bank owned (foreclosed) property. |
190 Van Ness Professional Office Suites is a 12 individual unit single story office building ideally located in Downtown Fresno. It is well positioned with upside potential. Current pricing reflects a 6.65 Cap Rate. Rents per square foot have risen dramatically since April 2023 when the property was able to be leased. Rents are expected to continue to rise quickly due to a lack of individual office suites in this area. With no rent control on office space, future rent increases can be raised according to market rents and are not subject to incremental rent raises. This property is fully ADA compliant. The 190 Van Ness Professional Office Suites were completely remodeled in early 2023 with fully owned solar added in August 2024. Ideal tenants include esthetician and beauty services, barbers and salons, therapists, tech services, e-commerce, legal services, notary's, insurance services, realtors, and more. Contact your agent or the listing agent for the property brochure, rent roll and detailed financials. Showings available.
Property Type(s):
Commercial
Last Updated | 10/17/2024 | Year Built | 1966 |
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Community | 701 | County | Fresno |
Additional Details
AREA | 701 |
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CONSTRUCTION | Block, Brick, Stucco, Wood Siding |
HEAT | Central |
LOT | 0.2703 acre(s) |
LOT DESCRIPTION | Corner Lot |
PARKING | On Street |
ZONING | NMX |
Location
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Listing provided by: Jeffrey Zimmerman, Realty Concepts, Ltd. - Fresno
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS) as of 10/18/24 2:19 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2024.