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1055 Van Ness Ave
Fresno, CA 93721 Fulton Mall

$14,930,000 USD

Hotel For Sale • 130,358 SF

Property Details

Property Type Hotel
Total Building Size 130,358 SF
Lot Size 0.9 AC
Building Class C
Year Built 1960
Cap Rate 12.50 %
Zoning C-4, Fresno

54 Transit Score

90 Walk Score

                
                    Highlights
                
                                Opportunity Zone - Prime Downtown Fresno location—steps from Courthouse Park & Fulton Street Corridor
                            
                                Dual-Path Opportunity: Hotel Rebrand or Apartment Conversion (197–234 Units)
                            
                                Concrete & steel construction; replacement cost north of $90M
                            
                                $20M Downtown NOFA grant program offering up to $8M per project
                            
                                ±50% of units feature private balconies—ideal for premium rents or upscale hotel rooms

Financial Summary (Proforma)

Net Operating Income: $1,916,500 USD (2025)

Cap Rate:	12.50 %
Total Expenses:	$1,024,000 USD

Amenities

Business Center
Fitness Center
Pool
Restaurant
Room Service
Shuttle Service
High Speed Internet Access
On-Site Bar
Meeting Event Space
Public Access Wifi

Public Transportation

Commuter Rail	Drive	Walk	Distance
	1 min	11 min	0.5 mi
Airport	Drive	Walk	Distance
Fresno Yosemite International	11 min	-	6.2 mi

Benjamin Dreicer 775-414-9433 Premier Realty Associates

1055 Van Ness Ave Fresno, CA 93721 Fulton Mall