Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1210 North Blackstone Avenue—an infill, value-add asset offering significant repositioning or redevelopment potential. Formerly occupied by Rite Aid, the property is strategically located at the signalized intersection of Blackstone Avenue and Olive Avenue, benefiting from excellent visibility, multiple points of ingress and egress, and close proximity to both California State Route 180 and California State Route 41. The combined traffic counts (271,020 cars per day) contribute to its high exposure and accessibility. Blackstone Avenue is one of Fresno’s primary commercial corridors, serving as a major retail and residential artery. This location represents a compelling long-term investment opportunity due to its consistent economic activity and strategic centrality. The property features approximately 16,708 square feet of building area situated on ±1.70 acres (73,844 square feet) of land. The structure includes ceiling heights ranging from 14 to 19 feet, an operational drive-thru, a ground-level loading area at the rear, and secure trash enclosures. These features make the asset ideal for a variety of commercial uses, including a value-add investment or an owner/user scenario, with potential eligibility for SBA financing. 1210 North Blackstone Avenue is located in the heart of Fresno’s premier retail hub, with more than 12 million square feet of retail space within a two-mile radius. Prominent nearby destinations include River Park Shopping Center (+1,000,000 square feet), Fashion Fair Mall (963,000 square feet), and numerous national credit tenants such as Target, Ross Dress for Less, Harbor Freight, McDonald’s, Starbucks, and Taco Bell—further enhancing consumer traffic and demand in the area. Additionally, the property benefits from its proximity to Fresno City College (22,000+ students) and Community Regional Medical Center (685 beds), reinforcing the stability and vitality of the surrounding trade area. The demographics within a five-mile radius are strong, with a population exceeding 363,000 and an average household income of $70,312, underscoring the property’s long-term viability and growth potential.