Description

2811 North Blackstone Avenue is a retail property for sale in Fresno, CA, with 6,866 SF of gross leasable area on 0.4 acres. Pylon signage gives the property an identifiable presence, while the income figures offer a buyer separate in-place and stabilized cases.

Built in 1957 and renovated in 2021, the Property combines its retail area with surface parking, pylon signage, and restrooms for public and/or staff use. Those features matter to a retail buyer weighing how the building serves occupants and visitors. The maximum contiguous space is 1,200 SF, which describes the property’s space configuration rather than its current availability. NMX, Neighborhood Mixed Use zoning and APN 443-184-20 further define the parcel. For an investor or owner-user, the building area, site size, and existing amenities provide a basis for judging the asset alongside its income figures.

The asking price is $730,000, with pricing of $106.32 PSF and $1,825,000 per acre. In-place NOI is $27,416, compared with stabilized NOI of $68,202 and a stabilized cap rate of 9.34%. In-place rents of $55,440 and market rents of $97,824 give a buyer distinct benchmarks: one reflects current rents, while the other frames the stated market-rent case. The distinction keeps the purchase decision anchored in income being collected rather than treating the higher figure as already achieved. At this price, the opportunity is to weigh the existing retail property and its in-place income against the stated stabilized case.