190 N Van Ness AVE Active Save Request In-Person Tour Request Virtual Tour
Fresno,CA 93701
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,747 sqft
Price per Sqft $186
MLS Listing ID 620171
Full Baths 2
HOA Y/N No
Year Built 1966
Lot Size 0.270 Acres
Property Description
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.
Location
State CA
County Fresno
Zoning NMX
Interior
Cooling Central Heat/Cool
Exterior
Parking Features 10 - 20 Spaces,On Street
Fence Chain Link
Utilities Available Master Gas Meter
Roof Type Flat
Building
Lot Description Urban,Corner Lot,Total Parcel Only
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Special Listing Condition Real Estate Owned