Property DescriptionThe dealership is known as United Investments, located at 304-312 N. Abby, Fresno, CA 93701 This is a leased lot located on the NE corner of N. Abby & McKenzie St. The property is comprised of a 2,000 s.f. office building and a shop. The lot is approximately 327 ft. (frontage) by 107 ft. The real estate is on a five year lease with a first right of refusal to purchase. The lease rate is reported to be $2,800 per month. There is a separate lot off McKenzie & Blackstone Ave. where other cars are stored. This lot is reportedly leased for $600 per month on a month-to-month basis. This dealership has been in operation for approximately ten years. The operation is run by employees, one general manager (who is also a salesperson), one other salesman and an onsite mechanic. There has been a changeover of management and employees over the last year.
- Property Type: Retail
- Year Built:0
- Square Footage:2000.00
- Lot Size: 25200.00 SqFt (0.58 acres)
- Baths:0.00 ()
- Listing Broker:Roger Story
- Listing Office:Investment Commercial Specialists Inc.
Amenities / Utilities
- Tennis Court
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.