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High-Demand Multifamily Opportunity 2 Properties Offered at $650,000 in Fresno, CA
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity in Downtown Fresno
- Building plans drafted in 2021 for 18 residential units and ground floor retail storefront spaces.
- Located near several existing and planned mixed-use developments
- Historic Building
- Cold shell condition
EXECUTIVE SUMMARY
UPDATE: Major price reduction! Now $650,000 ($41 PSF).
Rare historic mixed-use rehabilitation opportunity in Downtown Fresno. Includes two parcels: 2049 Broadway St., Fresno and 617 E. Divisadero St., Fresno. 617 E. Divisadero St., Fresno can be converted into 2 studio units. Both buildings are next to each other and are in cold shell condition. Located near several newer mixed-use/mixed-income housing projects, with several more in the pipeline. This opportunity may qualify for grants, tax incentives and reduced development fees to help reduce project costs. Capitalize on the City's ongoing investment in Downtown redevelopment, infrastructure, and transit improvements. Building plans were drafted in 2021 for 18 residential units plus retail spaces. Buyers to resubmit plans. Full build out or phased development. Contact listing broker for disclosure materials and unit breakdown.
Rare historic mixed-use rehabilitation opportunity in Downtown Fresno. Includes two parcels: 2049 Broadway St., Fresno and 617 E. Divisadero St., Fresno. 617 E. Divisadero St., Fresno can be converted into 2 studio units. Both buildings are next to each other and are in cold shell condition. Located near several newer mixed-use/mixed-income housing projects, with several more in the pipeline. This opportunity may qualify for grants, tax incentives and reduced development fees to help reduce project costs. Capitalize on the City's ongoing investment in Downtown redevelopment, infrastructure, and transit improvements. Building plans were drafted in 2021 for 18 residential units plus retail spaces. Buyers to resubmit plans. Full build out or phased development. Contact listing broker for disclosure materials and unit breakdown.
PROPERTY FACTS
| Price | $650,000 | Number of Properties | 2 |
| Price / SF | $39.62 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 16,405 SF | |
| Sale Type | Investment | Total Land Area | 0.26 AC |
| Status | Active |
| Price | $650,000 |
| Price / SF | $39.62 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,405 SF |
| Total Land Area | 0.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 617 E Divisadero St, Fresno, CA 93721 | Multifamily | 720 SF | 1920 | - |
| 2049 N Broadway St, Fresno, CA 93721 | Retail | 15,685 SF | 1940 | - |
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High-Demand Multifamily Opportunity
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