JUST SOLD! Corner Lot with Gas Station Ground Lease

Sold

UPDATE – SOLD! MULTIPLE OFFERS RECEIVED.

FOR SALE –  A corner lot w/ a ground lease w/ ARCO Gas Station. Land only. Business is NOT for sale. Improvements are owned by the tenant. $1,802/month plus NNN. 5% annual increases. The lease was established in 1984. There are three more 5-year options to extend the lease commencing on April 1, 2024. DO NOT DISTURB THE TENANT.

 

LOCATION: 4591 E. Belmont Ave., Fresno. On the northwest corner of Belmont Avenue and Maple Avenue.

PRICE: SOLD! Includes the land only.

BUILDING SIZE: Approximately 1,280 sq. ft. (as per tax assessor). Improvements are owned by the tenant.

LOT SIZE: Approximately 13,750 sq. ft. (as per tax assessor).

ZONING: NMX – Neighborhood Mixed Use

YEAR BUILT: 1986

GROUND LEASE: $1,802/month plus NNN. 5% annual increases.

 

 

 

Although all information furnished regarding the subject property for sale and/or lease is from sources deemed reliable, this information has not been verified and no expressed representation is made nor is any to be implied as to the accuracy thereof and may be subject to errors, omissions, and change of price or lease without notice and to any special conditions imposed by our principal.

Price: SOLD
Address:4591 E. Belmont Ave.
City:Fresno
County:Fresmp
State:CA
Zip Code:93702
Lot Square Feet:13,750 sf
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