1. California
  2. Fresno
  3. 190 N Van Ness Avenue
$698,000

190 N Van Ness Avenue, Fresno, CA 93701

  • 2 baths |
  • 3,747 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $186/sqft
  • Property List Date Icon Listed 10 months ago

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 an 8.3% Pro-Forma 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.

Listing Status:
Active
Listing Office:
Realty Concepts, Ltd. - Fresno : 559-490-1500
Listing Agent:
Jeffrey D Zimmerman : 559-250-8333
MLS ID:
620171
  • A/C: Central Heat/Cool
  • Heating:
  • Disability Feature: Handicap Facilities

This listing courtesy of Jeffrey D Zimmerman, Realty Concepts, Ltd. - Fresno

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lowell Elementary School

171 N Poplar Ave, Fresno, CA, 93701

Grades KG-6

0.14 miles away

J

J. E. Young Academic Center

822 N Abby St, Fresno, CA, 93701

Grades KG-12

0.78 miles away

J

J. E. Young Academic Center

822 N Abby St, Fresno, CA, 93701

Grades KG-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.