Adult 55+
Address
1625 E Olive Avenue Fresno, CA
Price
$ 610,000
Property Attributes
  • MLS#561125
  • TypeCommercial
  • CountyFRESNO
  • CityFresno
  • Area728
  • Zip93728
  • StyleBank,Church,Convenience Market,Day Care,General Of
  • Price$ 610,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5210
  • Lot Size0.5464 Acres
Listing Provided Courtesy Of:
Tracee J. Chiodo with Keller Williams Merced.
Data Source:
Fresno MLS
Property Description

Perfect location in The Historical Tower District! Built in 1930's as a suburb accessible by Fresno's (since retired) streetcars, the luminous Tower District is the city's leading nightlife destination. The Tower District was named for the neon lit Tower Thtre, a 1939 Art Deco masterpiece and national historic landmark designed by S. Charles Lee, the architect of many Hollywood's most famous theaters. Now features the 761- seat Tower Theater for the Performing Arts. Which hosts a busy line up of local and national jazz, rock and comedy concerts, as well as film screenings. Great location for renters & nice income property. Long term loyal tenants. New lease month to month lease agreements are being renewed now with an increase in rent on all of the five units. Has to potential to bring in a substantial amount of passive income for it's owner. Close to shopping, downtown. This property has 2 houses and 3 additional units. You can live in one unit and rent and keep the renters in the rest or open up commercial business. Please do not disturb tenants. Offers subjected to visual inspection. Pictures include one of the units. Zoned CMS (commercial main street) intend to preserve the main street character with a store front i.e. daycare, pet store, artist store, bank, small scale entrainment, lodging or hotel, tattoo etc.

Price History
6/14/2021 Listed $599,000

General Features

Access City Street
Board Loaded No
Census Tract 0.000
Electric Electric Available
Existing Loan Conventional
Exterior Features Stucco
Fips Code 19
Flooring Wood Subfloor
Improvement Value 0.00
Levels One, Basement
Lot Size Square Feet 23800.00
Price Per Square Foot 117.08
Property SubType Retail
Property Type Commercial
REO/Bank Owned No
Roof Shingle
Sales Includes Land & Improvements, Business
Sub Lease Expiration Date 1800-01-01T00:00:00
Tenant Pays Utilities
Total Value 0.00
Transaction Type Sale
Validated 1
Water/sewer/gas City Water, City Sewer
Year Built 1929
Zoning Description CMS

Interior Features

Heat/Air Conditioning Central Heat/Cool
Living Area 5210.00
Total Bedrooms 4

Exterior Features

Available Date 1800-01-01
Bathrooms 0.00
Parcelnumber 45128511
Land Value 0.00
Lot Size Acres 0.5464
Lot Size Source (Tax Records)
Number of Buildings 4
Parking Features 1 - 5 Spaces
Potential Use Bank, Church, Convenience Market, Day Care, General Office, Hotel, Medical Office, Motel, Service Station, Shop - Neighborhood, Shop - Commercial
Price Per Acre 1116398.24

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 93728

Price
AVG $900K
$610K
Visits
AVG 75
24
Year Built
AVG 1940
1929
Walkscore
AVG 84
81
Data Provided by Walkscore ® not using MLS data

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