Prime Downtown Fresno Retail/Office Spaces Available

1241 Broadway St Fresno, CA 93721

1241 Broadway St, Fresno, CA, 93721
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FOR LEASE
Property Type:
Free Standing Building
Amount:
Please Call Broker for Price

Last Verified:
Jul 24, 2024

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Highlights

  • 111,886 SF 9 Story Historical Landmark Hotel in Fresno
  • Busiest Retail Growth Corridor in Downtown Fresno
  • Tenant Improvements Available | Class A Finishes
  • Historic Building Serving The Fresno/Clovis Area
  • Close Proximity to Major Traffic Generators CA-41, CA-180/168 & CA-99
  • Direct Access to $50M Fulton Street Revitalization Just Completed
  • Walk-able Location | Densely Populated Trade Area | Quality Tenants
  • Great Access & Visibility w/ Unmatched Level of Consumer Traffic
  • High Pedestrian Traffic For All of Downtown Fresno
  • Highly Anticipated CA High Speed Rail Station ½ Mile Away
  • Fresno is the 5th largest city in CA w/ over 1M population
  • Easy Access Throughout Fresno, Clovis & Surrounding Cities
  • Densely Populated Trade Area w/ 325,576 People in 3-Miles
  • Great Exposure w/ H st and Fresno St Frontage w/ 2 Curb Cuts

Description

The 111,886 SF Building is a 9 story historical landmark in Fresno offering various retail, restaurants & office spaces. The Historical building is on a 0.6 acre lot zoned DTC within the infamous enterprise zone. There are currently 4 spaces available for Lease: #1 is 1,690 SF, #2 is 2,695 SF, #3 is 2,290 SF and includes a Terrace and #4 is 1,690 SF. It rises 138 feet in 9 floors. It is listed on the Local Register of Historic Places and now serves as a retirement home. It is the oldest surviving hotel in the city, built in 1912. This building is in a very walk-able location and densely populated trade area. The Fulton Street Revitalization was completed on February 27, 2014 whereas, the Fresno City Council decided the fate of Fulton Mall with a 5-2 vote in favor of putting traffic back on Fulton street, and a groundbreaking ceremony was held on March 3, 2016. There is high pedestrian traffic for all of Downtown Fresno, and is in a very convenient area that had access to all the major highways that include CA-99,CA-41 and CA-180/168.

The Hotel Californian stands at the intersection of Kern Street and Van Ness Avenue in downtown Fresno, California. In adherence to the Italian Renaissance and Beaux-Arts design tradition, the Hotel Californian’s primary facades are visually divided into a two-story base, a shaft of five floors, and a capitol formed by the eighth floor and roof parapet. The nine-story structure originally served as a fashionable hostelry and housed various retail and commercial office spaces. Today, the Hotel Californian has been repurposed to provide housing for low-income seniors, reflecting its adaptive reuse to meet community needs. Many of its ground floor spaces have been converted into retail storefronts, contributing to the vibrancy of the downtown area. Despite its evolution over the years, the building retains its historical charm and architectural significance, offering a glimpse into Fresno's past while serving a vital role in its present community.

The Hotel Californian was constructed in downtown Fresno as a luxury hotel for city visitors and as a meeting place for city residents. Designed by H. Rafael Lake and constructed by R. F. Felchlin & Company, the building immediately became a symbolic landmark for the growing prosperity of the City of Fresno. The Hotel Californian is also one of the community’s most important architectural landmarks, and a signature work of prominent California architect H. Rafael Lake.






East of Fresno St. between the Fulton Mall and H St. This property is well located off of the southeast corner of H st and Fresno St just east of Freeways CA-99, west of CA-41. This Historic Building is in close proximity to CA-41, CA-180/168 and CA-99 and is a tremendous draw and well supports the tenants near by like: the 190,000 SF IRS building, The Grand 1401, Warnors Theatre, CVS, Kepler Neighborhood School, Libelula Restaurant, Fresno County Superior Court, Fresno County Sheriff's Office, Chuckchansi Park, Joe's Steak House, Tioga Sequoia Brewing Company and walking distance to the Fulton Mall and Chukchansi Single A Ballpark. This is a 7 story building with a great view of Fresno and the surrounding communities.

The Former Fresno Hotel is placed one block east to the Fulton Mall. Fulton Mall is a six-block pedestrian mall located in the central business district of Fresno, California. The Fulton mall runs from Inyo and Tuolumne Streets and is home to a wide variety of shopping, restaurants, offices and public art. In September 2013, the City of Fresno received a $15.9 million TIGER Grant from the US Department of Transportation to reintroduce traffic to Fulton.


Year Built: 1912
Building Size: 111886sq ft
Lot Size: 0.6 acres

Units for Lease

#1 Retail
Space Available: 1690 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.50
#2 Office
Space Available: 2695 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.50
#3 Retail w/ Terrace
Space Available: 2290 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.75
#4 Restaurant w/ Patio
Space Available: 1620 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $1.50

Map of 1241 Broadway St, Fresno, CA, 93721

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.