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$12,500,000
3737 N Blackstone Ave, Fresno, CA 93726
0 Beds
0 Baths
n/a sqft

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Site: APNs: 435-020-09, 435-020-11, & 435-020-12 Acreage: 8.85 +/- Acres The 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 2007 Park Inn conversion cost approx. $140,000 1st quarter 2012 Approx. 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
  • Price:
  • $12,500,000
  • Listing ID #:
  • PW19251977
  • Street Address:
  • 3737 N Blackstone Ave
  • City:
  • Fresno
  • State:
  • California
  • Postal Code:
  • 93726
  • County:
  • Fresno
  • Listing Status:
  • Active
  • Stories:
  • 2
  • Total # Of Buildings:
  • 10
  • Approximate Lot Size Range Source:
  • Estimated
  • Days On Market:
  • 577
  • Previous Listing Price:
  • 9500000.00
  • Price Per Square Foot:
  • 104.17
  • Laundry Description:
  • Laundry Chute
  • Existing Water:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Minh Tran of Minh Tran (: 01483565)
  • CRMLS