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3020 Tulare St 4,169 SF Retail Building Fresno, CA 93721 $2,500,000 ($599.66/SF) 5% Cap Rate
Investment Highlights
- Situated in the heart of Downtown Fresno, surrounded by federal, state, county, and city government buildings, as well as major hospitals and medical
- Steps away from dense daytime populations of government employees, medical staff, and visitors. The IHOP design and layout make it recognizable.
- Frontage on the Highway 41 on-ramp, capturing thousands of daily commuters and travelers. The building is maintained in top condition, ready for use.
Executive Summary
Prime IHOP Restaurant Property – Excellent Condition
Located in the heart of Downtown Fresno, this IHOP restaurant property offers unmatched visibility and accessibility.
Outstanding Location: Surrounded by major Federal, State, County, and City offices, as well as hospital and medical facilities.
Freeway Access: Positioned directly on the Highway 41 ramp, providing exceptional traffic exposure.
Versatile Use: With a Conditional Use Permit (CUP), the property can accommodate a drive-through, creating additional value and business opportunities.
Turnkey Condition: The building is in amazing condition, ready for continued restaurant use or conversion to suit your business needs.
This is a rare opportunity to acquire a high-profile property in Fresno’s central business and medical district.
Located in the heart of Downtown Fresno, this IHOP restaurant property offers unmatched visibility and accessibility.
Outstanding Location: Surrounded by major Federal, State, County, and City offices, as well as hospital and medical facilities.
Freeway Access: Positioned directly on the Highway 41 ramp, providing exceptional traffic exposure.
Versatile Use: With a Conditional Use Permit (CUP), the property can accommodate a drive-through, creating additional value and business opportunities.
Turnkey Condition: The building is in amazing condition, ready for continued restaurant use or conversion to suit your business needs.
This is a rare opportunity to acquire a high-profile property in Fresno’s central business and medical district.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,169 SF
Building Class
B
Year Built
1986
Price
$2,500,000
Price Per SF
$599.66
Cap Rate
5%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
DTN - Commercial
Parking
45 Spaces (10.79 Spaces per 1,000 SF Leased)
Frontage
135’ on Tulare St
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 468-071-30 | Improvements Assessment | $222,853 |
| Land Assessment | $424,483 | Total Assessment | $647,336 |
Property Taxes
Parcel Number
468-071-30
Land Assessment
$424,483
Improvements Assessment
$222,853
Total Assessment
$647,336
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Contact the Sale Advisor
3020 Tulare St