3737 N Blackstone Avenue

    Fresno, CA 93726
    • $12,500,000
    • STATUS: Active
    • ON SITE: 220 days
    • ID#: PW19251977
    UPDATED: 19 min ago
    $12,500,000
    • 0
      BEDS
    • 8.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 120,000
      SQFT
    • $104
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Site:APNs: 435-020-09, 435-020-11, & 435-020-12Acreage: 8.85 +/- AcresThe Tran Family is pleased to present to qualified investors the?opportunity to acquire the fee simple interest in the 204-room, The Hotel?Fresno & Conference Center, AKA Four Points by Sheraton, located directly across from the Manchester Mall, Fresno, California. ??The Hotel Fresno & Conference Center is operating as an independent hotel which has the potential opportunity to convert to another brand or to another use such as multifamily residential, student housing, senior living, or assisted living facilities. ??There are 3 parcels for this property, 8.85 acres. The current owner obtained a Lot Line Adjustment for an approved 96,000-sqft mixed-use building, with 20,000-sqft retail on the ground floor and 48-apartment units on top.Owners are willing to carry with 50% down payment, 7% interest only, 2 points, 3-year term.The Hotel was originally developed in 1972 including the Smugglers Restaurant & Banquet facility.The property was recently operated under the Four Points by Sheraton until December 2011 converted to Park Inn by Radisson franchise March 7,2012. Fully renovated to Sheraton specs. in 2007Park Inn conversion cost approx. $140,000 1st quarter 2012Approx. 371 parking stalls with additional 60 future park stalls All New Roofs and upgrades in 2017, cost over $1 million, Eight separate free standing 2 story interior-corridor buildings

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T11:25:53.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.

    www.marknazzalrealty.com/homes/100322662

    3737 N Blackstone Avenue Fresno, CA 93726

    • Price: $12,500,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: PW19251977
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.85
    Acres
    120,000
    SQFT
    $104
    $/SQFT
    County:
    Fresno
    Property Description
    Site:APNs: 435-020-09, 435-020-11, & 435-020-12Acreage: 8.85 +/- AcresThe Tran Family is pleased to present to qualified investors the?opportunity to acquire the fee simple interest in the 204-room, The Hotel?Fresno & Conference Center, AKA Four Points by Sheraton, located directly across from the Manchester Mall, Fresno, California. ??The Hotel Fresno & Conference Center is operating as an independent hotel which has the potential opportunity to convert to another brand or to another use such as multifamily residential, student housing, senior living, or assisted living facilities. ??There are 3 parcels for this property, 8.85 acres. The current owner obtained a Lot Line Adjustment for an approved 96,000-sqft mixed-use building, with 20,000-sqft retail on the ground floor and 48-apartment units on top.Owners are willing to carry with 50% down payment, 7% interest only, 2 points, 3-year term.The Hotel was originally developed in 1972 including the Smugglers Restaurant & Banquet facility.The property was recently operated under the Four Points by Sheraton until December 2011 converted to Park Inn by Radisson franchise March 7,2012. Fully renovated to Sheraton specs. in 2007Park Inn conversion cost approx. $140,000 1st quarter 2012Approx. 371 parking stalls with additional 60 future park stalls All New Roofs and upgrades in 2017, cost over $1 million, Eight separate free standing 2 story interior-corridor buildings
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Estimated Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Laundry Chute

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Name The Hotel Fresno Building Status Existing Country Us Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 204 Property Sub Type Hotel/Motel Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Minh Tran of Minh Tran, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T11:25:53.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.

     
    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373