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RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates...

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944 Van Ness Ave, Fresno, CA 93721 FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area Rare Opportunity To Own Fresno’s Premier Theater Fulton Street Revitalization Just Completed Listed on National Register of Historical Places Convenient Access To All 3 Freeway Systems Easy Access Throughout Fresno, Clovis & Surrounding Cities Highly Anticipated CA High Speed Rail Routed ½ Mile Away High Pedestrian Traffic For All of Downtown Fresno Fresno is the 5th largest city in CA w/ over 1M people Stress Free travel; average traffi c wait 3 minutes Rich in Education & Innovation; Home to CSU Fresno SALE PRICE: $949,000 LOT SIZE: 0.26 Acres BUILDING SIZE: 10,430 SF YEAR BUILT: 1917 ZONING: DTC/DT (Enterprise Zone) MARKET: Downtown Fresno (Central) SUB MARKET: Civic Center Retail CROSS STREETS: Tulare Street KW COMMERCIAL 559.302.8698 www.CentralCaCommercial.com JARED ENNIS Senior Commercial Associate 559.302.8698 [email protected] BRE #01945284 KEVIN LAND Commercial Director 559.359.4035 [email protected] BRE #01516541 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Transcript
Page 1: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

PROPERTY FEATURESUnique Theater which accommodates promotional Venues

Land Mark Building in the Fresno Area

Rare Opportunity To Own Fresno’s Premier Theater

Fulton Street Revitalization Just Completed

Listed on National Register of Historical Places

Convenient Access To All 3 Freeway Systems

Easy Access Throughout Fresno, Clovis & Surrounding Cities

Highly Anticipated CA High Speed Rail Routed ½ Mile Away

High Pedestrian Traffic For All of Downtown Fresno

Fresno is the 5th largest city in CA w/ over 1M people

Stress Free travel; average traffi c wait 3 minutes

Rich in Education & Innovation; Home to CSU Fresno

SALE PRICE: $949,000

LOT SIZE: 0.26 Acres

BUILDING SIZE: 10,430 SF

YEAR BUILT: 1917

ZONING: DTC/DT (Enterprise Zone)

MARKET: Downtown Fresno (Central)

SUB MARKET: Civic Center Retail

CROSS STREETS: Tulare Street

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

Page 2: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

PROPERTY OVERVIEW±10,430 SF freestanding entertainment theater/concert hallbuilding on a ±0.26 Acre lot zoned DTC/DT within theinfamous enterprise zone. Historic building includes 3 floorsof stadium-seating designed to house ±3,200 patrons, afront ticket/vending area, restrooms on each floor, top-leveloffices, and a large basement. Placed on the NationalRegister of Historical Places by the United StatesDepartment of the Interior.

LOCATION OVERVIEWPrime location next-door to the Renaissance Revival-styleRowell Building currently under redevelopment by EdKashian. Downtown hosts a dense, diverse, thrivingneighborhood with farmer’s markets, schools, grocerystores, music festivals, happy hour spots, breweries, bicyclefacilities, a monthly ArtHop, food trucks, and world-classmurals and public art. Features a variety of parking options,including more than 6,000 city-owned garage and surface lotparking spaces, several thousand privately-owned garageand lot spaces, and more than 2,000 parking meters.Surrounding businesses include Downtown Radisson,Doubletree Hotel, Fresno Convention Center, ChuckchansiPark, Club One Casino, Hotel Californian, Bank of Italy,Selland Arena, Saroyan Theater, Fresno County Courthouse,and many more.

DOWNTOWN FRESNO:Discover downtown Fresno on your next visit! It is anexciting time to be downtown as we prepare for the $20million Fulton Corridor Transformation, restoring Fulton backto the original Main Street for the Central Valley, a center forculture, commerce and experience. Downtown has also seenover 180 units of residential housing added in the last twoyears, including the new City View at Van Ness, adding to atotal of 800 residential units. Over 50 businesses haveopened in the last four years, including the latest economicdriver: Bitwise Industries, a major tech hib in downtown torecruit and retain the future workforce. Downtown Fresnohas major events, farmer’s markets, schools, grocery stores,music festivals, happy hour spots, breweries, bicyclefacilities, a monthly ArtHop, food trucks, unique murals andpublic art. (DowntownFresno Partnership)

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

Page 3: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

Page 4: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

Page 5: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

Page 6: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

Page 7: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

Page 8: RETAIL FOR SALE - LoopNet · RETAIL FOR SALE PROPERTY FEATURES Unique Theater which accommodates promotional Venues Land Mark Building in the Fresno Area ... Bank of Italy, SellandArena,SaroyanTheater,FresnoCountyCourthouse,

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

JARED ENNISSenior Commercial [email protected] #01945284

KEVIN LANDCommercial [email protected] #01516541

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

* Demographic data derived from 2010 US Census

944 Van Ness Ave, Fresno, CA 93721

FREE STANDING SPORTS & ENTERTAINMENT THEATER/CONCERT HALL BUILDING

RETAIL FOR SALE

ETHNICITY 1 MILE 2 MILES 3 MILES

% HISPANIC 57.0% 57.2% 58.6%

RACE 1 MILE 2 MILES 3 MILES

% WHITE 61.6% 54.5% 51.5%

% BLACK 5.5% 6.7% 7.9%

% ASIAN 3.9% 7.6% 9.2%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 1.0% 1.5% 1.2%

% OTHER 23.3% 25.5% 26.2%

POPULATION 1 MILE 2 MILES 3 MILES

TOTAL POPULATION 19,544 70,472 157,427

MEDIAN AGE 32.3 30.6 28.8

MEDIAN AGE (MALE) 32.1 30.0 28.2

MEDIAN AGE (FEMALE) 32.7 31.7 29.8

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

TOTAL HOUSEHOLDS 7,308 23,445 49,633

# OF PERSONS PER HH 2.7 3.0 3.2

AVERAGE HH INCOME $43,250 $42,228 $41,547

AVERAGE HOUSE VALUE $237,502 $222,618 $226,979


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