4323-4343 North Blackstone Avenue Fresno, California

$6,805,000
For Sale
Property Type: Commercial

Property Details

  • Total Building Size: 62,642± square feet (40,564± SF anchor and 22,078± SF shops)
  • Total Land Size: 5.51± acres
  • Year Built: 1988 and 1979
  • Construction Type: Masonry
  • APNs: 426-263-17 & 19, Fresno County
  • Zoning: CMX (Commercial Center/Mixed-Use)
  • Price per SF: $98 on grocery
  • Cap Rate: 7.1% on shop

Description

Grand Continental Shopping Center is located along the heavily traveled Blackstone Avenue corridor between Gettysburg and Ashlan Avenues in Fresno, California. O’Reilly Auto Parts is in the center along with a good mix of retail shops tenants. The property is zoned CMX with offers flexibility for various uses. The recently remodeled Manchester Mall is located just south of the property.

The Grocery anchor is currently closed, which is a sublease with Vons. There is less than one year remaining on the master lease. The value of the space is being marked at less than $100 psf.