Mixed Use | 5 Retail Units & 11 Apartment Units | In A Redevelopment & Business Centric Fresno CA

1518 Kern St Fresno, CA 93706

1518 Kern St, Fresno, CA, 93706
Mixed Use Retail | 2 - Story Apartments
1518 Kern St, Fresno, CA, 93706
FOR SALE
Property Type:
Street Retail
Amount:
$689,000
Last Verified:
Jun 05, 2019

Highlights

  • APARTMENT: 11 UNITS
  • 1 Bedroom Unit | 435 sf | Current $575/Month | Possible Increase $750 - $850
  • 10 Studio Units |145 sf | Currently $300/Month | Possible Increase $600
  • RETAIL: 5 UNITS
  • Retail 1 - 1526 Kern | SF: 1440 Rented: $850/Month
  • Retail 2 - 1524 Kern | SF: 3904 Rented: $850/Month
  • Retail 3 - 1526 Kern | SF: 4161 Vacant | Storage
  • Retail 4 - 1524 Kern | SF: 4161 Rented: $850/Month
  • Retail 5 - F Street | SF: 1653 Vacant | Storage
  • Market Rate: Downtown Retail - $1 - $2 PSF

Description

This Mixed Use of Retail | Apartments are located in the Downtown City Revitalization Area. The city and investors are spending $500m in this area. See videos of the type of retail options we can deploy and redevelop | POTENTIAL ARV - $1.65M

This Mixed Use - Retail & Apartment Opportunity Is Located In The Heart Of Fresno Near Mural District, Downtown, Chinatown, Access To 99 Fwy, 41 and 180.


Year Built: 1938
Building Size: 16710.0sq ft
Lot Size: 0.34 acres

Map of 1518 Kern St, Fresno, CA, 93706

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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