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190 Van Ness Avenue N Fresno, CA 93701
- Other / Resale (MLS)
Property Details for 190 Van Ness Avenue N, Fresno, CA 93701
Features
- Price/sqft: $186
- Total Rooms: 2
- Room List: Bathroom 1, Bathroom 2
Facts
- Year Built: 01/01/1966
- Property ID: 929821812
- MLS Number: 620171
- Property Type: Other
- County: FRESNO
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Realty Concepts Ltd
575 E. Alluvial Ste. 101
Fresno
CA
93720
Copyright © 2024 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.