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1055 Van Ness Ave
Fresno, CA 93721 Fulton Mall

$19,500,000 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
  • Zoning C-4, Fresno
70 Transit Score
70 Walk Score

Highlights

Dual-Path Redevelopment: Execute a 197-key hotel repositioning or pursue a 197-unit apartment conversion, with potential expansion to approximately 23
Opportunity Zone: Located within a federally designated Opportunity Zone offering potential long-term tax advantages for qualifying investors.
Plans Ready to Execute: Professional hotel renovation design package completed with multiple FF&E bids secured.
Recent Capital Improvements: Roofing and waterproofing completed, along with fire alarm and fire sprinkler system improvements.
Prime Downtown Location: Near the Fresno County Courthouse, future high-speed rail infrastructure and Historic Chinatown, with approximately 50% of un

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

AirportDriveWalkDistance
Fresno Yosemite International 11 min - 6.2 mi
Benjamin Dreicer 775-414-9433 Premier Realty Associates
Benjamin Dreicer 775-414-9433 Premier Realty Associates