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1459 N Van Ness Ave 9,645 SF 100% Leased Retail Building Fresno, CA 93728 $1,808,950 CAD ($187.55 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Multi-Tenant Investment – 11 suites across two buildings, 100% occupied by long-term tenants
- Value-Add Upside – 5% current cap rate with potential to achieve ~7% pro forma cap rate
- Prime Central Fresno Location – Near Fresno City College and the Tower District
- Strong In-Place Income – Stable cash flow with immediate return from day one
- Two Parcels Sold Together – Improved diversification and future flexibility
- High-Demand Rental Submarket – Consistent tenant demand supported by nearby retail, entertainment, and residential density
EXECUTIVE SUMMARY
Excellent investment opportunity at 1459 & 1461 N Van Ness Ave, Fresno, CA 93728. This fully leased multi-tenant commercial property consists of two buildings on two separate parcels, being sold together as a package. The property features 11 suites, all 100% occupied by long-term tenants, providing stable in-place income. Ideally located near Fresno City College and within close proximity to the entertainment and retail offerings of the Tower District, the property totals 9,645 square feet of building improvements situated on 11,000 square feet of land. The asset is offered at a 5% current cap rate with upside potential to a 7% pro forma cap rate, making it an attractive value-add opportunity in a high-demand Fresno submarket. Turnkey income with future growth potential.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,645 SF
Year Built
1948
Price
$1,808,950 CAD
Price Per SF
$187.55 CAD
Cap Rate
5.60%
NOI
$101,301 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
8’
Building FAR
0.88
Lot Size
0.25 AC
Zoning
C-2
Frontage
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 451-121-05 | Improvements Assessment | $449,836 CAD |
| Land Assessment | $90,832 CAD | Total Assessment | $540,668 CAD |
PROPERTY TAXES
Parcel Number
451-121-05
Land Assessment
$90,832 CAD
Improvements Assessment
$449,836 CAD
Total Assessment
$540,668 CAD
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1459 N Van Ness Ave
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