405 West D Street

405 West D Street is a restaurant and apartment investment at 405 West D Street in Lemoore, CA, within the Fresno market. The property offers 5,820 SF of gross leasable area, combining an occupied income base with space for an owner-user or additional leasing.

The property includes a ±1,900 SF remodeled restaurant and a ±1,500 SF occupied apartment with an attached +570 SF garage. A +350 SF office and ±1,500 SF storage area provide distinct spaces for a buyer to position alongside the existing tenancies. Built in 1976, the property has surface parking, a private lit lot and street parking. Its DMX-1: Downtown Mixed Use zoning and separately metered utilities add useful context for an investor planning how to operate the mix of spaces.

At the southwest corner of W D Street and Fox Street, the building has D Street exposure in downtown Lemoore. Highway 198 is 1 mile away, and Highway 41 is 2 miles away, giving occupants access beyond the immediate downtown area. For a restaurant operator, that combination puts the business in view of local street traffic while keeping the wider road network accessible. The corner position also gives an investor a clear way to introduce the property to prospective occupants.

The asking price is $575,000, or $98.80 PSF. Occupancy is 68%, with 1,850 SF of gross leasable area on offer. In-place rents are $39,600 per year, compared with $50,100 per year in stabilized gross annual income. Those figures frame an acquisition with current income and a defined leasing opportunity, rather than one dependent solely on repositioning the occupied spaces. Seller carry is available. Explore the Offering Materials for a closer look at the property and transaction.

Highlights

• Owner User/Investment Opportunity: Restaurant & Apartment
• ±1,900 SF Remodeled Restaurant in Lemoore
• CA
• ±1,500 SF Occupied Apartment & ±570 SF Garage Included in Sale
• ±350 SF Office & ±1,500 SF Storage Below Apartment
• Restaurant Equipment Owned By Current Tenant
• New Urethane Enhanced White Waterproof Roof Coating
• Long Term Tenants w/ Upside Potential Via Leasing
• Quality Roof
• Working HVAC's, & Functional Floorplans
• Well-Known Freestanding Building w/ D Street Exposure
• Private Lit Parking Lot + Street Parking
• Great Visibility
• Convenient Location Between CA-41 and CA-198
• Busy & Established Corridor w/ Quick Access to Downtown
• Quality Construction
• Well Maintained
• Economical Spaces
• Energy Efficient Improvements - Separately Metered Utilities
• Seller Carry Available

Property details

• Market: Fresno
• Cross Streets: W D Street & Fox Street (SWC)
• Rent roll - Restaurant: 1900 SF
• annual rent $24000
• market rent $28500
• Rent roll - Apartment & Garage: 2070 SF
• annual rent $18000
• market rent $21600
• Rent roll - Office: 350 SF
• vacant
• Rent roll - Warehouse/Storage: 1500 SF
• vacant
• Total annual rent (table): $42000
• Total market rent: $50100
• Actual collected rents: $39600 per year
• Restaurant equipment: owned by current tenant
• Roof: new urethane enhanced white waterproof coating
• Utilities: separately metered
• Financing: seller carry available
• Distance: 1 mile to Highway 198, 2 miles to Highway 41
• Population: 1103 (0.3 mi), 3441 (0.5 mi), 14805 (1 mi)
• Households: 450 (0.3 mi), 1283 (0.5 mi), 5139 (1 mi)
• Average HH income: $74613 (0.3 mi), $76440 (0.5 mi), $85923 (1 mi)
• Average house value: $364929 (0.3 mi), $355715 (0.5 mi), $372078 (1 mi)
• Average age: 39 (0.3 mi), 37 (0.5 mi), 35 (1 mi)
• Nearby retailers: McDonald's
• Walgreens, 7-Eleven
• Starbucks
• Dutch Bros
• Jack in the Box
• Rite Aid
• Wells Fargo
• Navy Federal Credit Union
• Dollar General
• ampm
• Lot size (SF): 11,250 SF
• Annual rent shown in suite schedule: $42,000 total
• Total market rent per SF shown in suite schedule: $25.43
• Parking: Private lit parking lot and street parking
• Utilities: Separately metered utilities