MLS # 434768 | Listed by Jeffrey Zimmerman with Realty Concepts, Ltd.|accounting@realtyconcepts.com;559-490-1500190 N Van Ness Avenue is a $795,000, 3,747 square foot, 2.0 bath home on a 0.27 acre lot located in Fresno, CA.
190 Van Ness Professional Office Suites is a 12 individual unit single story office building that was completely remodeled in early 2023. It is ideally located in Downtown Fresno and is well positioned with upside potential. Current pricing reflects a pro-forma 6.2 Cap Rate. The property is almost finished being leased up and rents per square foot have risen over 20% 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. Property is fully ADA compliant. 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 which includes the current rent roll and pro-forma financials.
| Interior Features | Commercial Miscellaneous - Handicap Facilities |
| Cooling Types | Office Air Conditioning |
| Heating Types | Central Heat/Cool |
| Parking Types | Commercial Owner Pays - Parking Area Commercial Parking Features - 10 - 20 Spaces Commercial Parking Features - Street |
| Exterior Features | Stucco Wood City Streets Freeway Commercial Electric - Master Meter Exterior Features - Brick/Block Commercial Fence - Chain Link Commercial Loading - Security Lighting Commercial Loading - Signage Commercial Owner Pays - Insurance Commercial Owner Pays - Janitorial Commercial Owner Pays - Maintenance Fees Commercial Owner Pays - Taxes Commercial Owner Pays - Utilities Commercial Potential Use - General Office Commercial Potential Use - Medical Office Commercial Potential Use - Retail Store Commercial Potential Use - Shop - Neighborhood Commercial Sale Includes - Building(s) Commercial Sale Includes - Land & Improvements Commercial Tenant Pays - Other Commercial Sale Includes - Master Gas Meter Accessibility - Major Highway |
| Roof | Flat |
| Land Type | Commercial Region - Urban Commercial Location - Corner Commercial Sale Options - Total Parcel Only |
| Water Source | Commercial Water/Sewer/Gas - City Water |
| Sewer | City Sewer |
| Seller Type | REO/Bank Owned |
| Property Type | Commercial Sale |
| Style Characteristics | Single Story |
| Year Built | 1966 |
| County | fresno |
Based on information from the Fresno Association of Realtors® Multiple Listing Service, last updated 12/02/2023 at 02:33pm MST. 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. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website. The Broker's Offer of Compensation is made only to Participants of the MLS where the listing is filed.
