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- LoopNet Team
3737 N Blackstone Ave
Fresno, CA 93726
Park Inn & Suites · Hospitality Property For Sale
·
124,312 SF
INVESTMENT HIGHLIGHTS
- The 204-room Hotel Fresno & Conference Center, located directly across from the Manchester Mall, Fresno, CA.
- The potential opportunity to convert to another hotel brand, or use as multifamily residential, student/senior housing,or assisted living facilities
- Owners are willing to carry with 50% down payment, 7% interest only, 2 points, 3-year term.
- There are 3 parcels for this property, 8.85 acres. The current owner obtained a Lot Line Adjustment for an approved 96,000-sqft mixed-use building
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2017 |
| Building Class | C | Parking Ratio | 2.98/1,000 SF |
| Lot Size | 6.97 AC | Corridor | Interior |
| Building Size | 124,312 SF | ||
| Zoning | RMX - Commercial zoning. | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.97 AC |
| Building Size | 124,312 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 2.98/1,000 SF |
| Corridor | Interior |
| Zoning | RMX - Commercial zoning. |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- On-Site Bar
- Meeting Event Space
ABOUT 3737 N BLACKSTONE AVE , FRESNO, CA 93726
The Hotel was originally developed in 1972 including the Smugglers Restaurant & Banquet facility. The property was recently operated under the Four Points by Sheraton until December 2011 converted to Park Inn by Radisson franchise March 7,2012. Fully renovated to Sheraton specs. in 2007 Park Inn conversion cost approx. $140,000 1st quarter 2012 Approx. 371 parking stalls with additional 60 future park stalls All New Roofs and upgrades in 2017, cost over $1million, Eight separate free standing 2 story interior-corridor buildings that house all rooms and suites Laundry room, mechanical room, supply room located in separate buildings Smugglers Full Service Restaurant , lounge & Banquet Facilities are being leased to an independent operator. Free Wireless high speed internet access in all guest rooms with data ports and in public spaces Fitness room. Refrigerators in all guest rooms. Coffeemakers in all guest rooms. Two phones in each guest room with voice mail options. Hair dryer, iron & ironing board. Oversized executive desk. Flat screen TV’s with Dish Network. Room Service available Meeting Accommodations: Complete catering and conference service staff and audio visual team 5,250 sqft of meeting and exhibit space with maximum capacity of 300. Beautifully appointed boardroom
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,815,129 | |
| Land Assessment | $2,658,222 | Total Assessment | $22,473,351 |
PROPERTY TAXES
