29,654 SF Warehouse for Rent in Fresno, CA

Warehouse Description

A mixed-use building of two stories situated on a corner at the entrance of Chinatown in Downtown Fresno. It is located at the intersection of Tulare Street and "F" Street, north of Kern Street, south of Fresno Street, west of "G" Street, and east of "E" Street. The property boasts proximity to major transportation routes like CA-41, CA-180/168, and CA-99, enhancing its accessibility and visibility. Prominent nearby establishments include the IRS building, The Grand 1401, Warnors Theatre, CVS, Club One Casino, courts and law enforcement offices, Chukchansi Park, Joe's Steak House, breweries, and the Fulton Mall. The building consists of approximately 29,654 square feet across ten commercial retail/office spaces on a 0.60-acre lot. The unique investment opportunity offers nine small, easily rentable spaces and a former hotel. The former hotel features 52 rooms with sinks, nine restrooms, ten storage rooms, a boiler room, and a materials room. To maximize its value, a $1,050,000 investment is proposed for renovations, including leasing vacant commercial spaces, renting out the former hotel, and increasing commercial unit rents. The remodel would have a $2,450,000 project cost, requiring a down payment of $980,000, with financing options available. In addition to the building, the listing also includes a warehouse at 938 F Street with ample space and convenient access to major highways.