1127-1139 Fulton Mall
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1127-1139 Fulton Mall
25,345 SF 100% Leased Retail Building Fresno, CA 93721 £1,538,550 (£61/SF) 3.31% Net Initial Yield
Investment Highlights
- Long term tenants
- Consistent foot traffic on outdoor retail mall
- Vacant 2nd floor and basement for additional income potential
Executive Summary
An exceptional investment opportunity in Fresno's historic Fulton Mall District: a multi-tenant retail building. Prime location, diverse mix of retail, potential office spaces promising substantial return on investment. Property features adjacent retail units hosting Lili's Flowers, Madness Thrift, Discoteca Del Valle, Fulton Mini Mart, and Taqueria El Guero restaurant, ensuring steady foot traffic.1127 Fulton Street offers a compelling 2 story structure with existing tenant-occupied units on ground floor and spacious 3,750 square feet basement. Upstairs, a versatile 6,775 square foot area awaits conversion as office/retail space. With a 20+ year history of same ownership, this property offers below-market rents, presenting significant upside potential. Positioned minutes from the proposed High Speed Rail Hub, recently renovated Chukchansi Park baseball stadium, Fresno County courthouse and other government buildings, the property enjoys unparalleled connectivity to the community. Strategically located a short distance from the construction of the International Terminal at Fresno Yosemite International Airport and the modernization of Fresno State's athletic facilities, investors benefit from the anticipated increase in foot traffic and economic growth in the Central Valley. Don't miss out on this prime investment in one of Fresno's most dynamic commercial districts poised for growth. Buyer to participate in 1031 Exchange at No Cost to Buyer.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
25,345 SF
Building Class
B
Year Built
1948
Price
£1,538,550
Price Per SF
£61
Net Initial Yield
3.31%
NOI
£50,872
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
11 ft
Building FAR
1.71
Land Acres
0.34 AC
Opportunity Zone
Yes
Zoning
C-4 - General Planned Office & Retail Zoning
Frontage
101 ft on Fulton Mall
Amenities
- Bus Route
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 466-212-03 | Total Assessment | £378,799 |
Land Assessment | £139,861 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £238,938 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
466-212-03
Land Assessment
£139,861
Improvements Assessment
£238,938
Total Assessment
£378,799
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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1127-1139 Fulton Mall
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