Retail in Fresno CA

$99,000

MLS Number: #469424

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Property Description

This is your once in a life time opportunity to own a very well established dealership in Clovis. This dealership has been in business for over 13 years and 2 years in their current location. Property is leased for a monthly amount of $2,800. Lease will expire soon but comes with an option to renew for 2 or 4 or 5 years. Inventory is not included in the sale. Seller will provide training during the transition period of 60 after COE. More details and financial information will be provided upon request and execution of Confidentiality and Non-Disclosure Agreement and proof of funds.

Quick Summary

Overview

Property Type: Retail
Neighborhood:612
Year Built:1977
Square Footage:700.00
Lot Size: 9750.00 SqFt (0.22 acres)

Interior/Exterior

Baths:0.00 ()

Amenities / Utilities

Assigned Schools

Listing Agent

MLS:Fresno
Listing Broker:Osama Rashed
Listing Office:Valley Prime Real Estate

General Amenities

Solar
Tennis Court

Financing

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.

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