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Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals

777 E Olive Ave, Fresno, CA 93728

  • For Sale $6,500,000
  • Property Type Retail - Freestanding
  • Property Size 27,169 SF
  • Lot Size 1.47 Acre
  • Year Built 1939
  • Date Updated Aug 11, 2022
One of the most photographed images in Central Valley in a dense, diverse, thriving neighborhood. clubs, restaurants and nightlife. The subject properties are located on two major thoroughfares (E Olive and N Wishon Avenues) within the Midtown West Retail Submarket boasting close proximity to CA-41 and CA-180 in the Tower District. This area consists of a mix of a dense, diverse, thriving neighborhood with Clubs, Restaurants and nightlife. Dubbed the Crown Jewel of The Tower District.
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Location

  • Walk Score ® Very Walkable (87)
  • Transit Score ® Some Transit (46)
  • Bike Score ® Very Bikeable (76)
Powered by Walk Score ®
  • City Fresno, CA
  • Neighborhood Tower District
  • Zip Code 93728
  • Market Central Valley

Points of Interest

Fresno

1.72 miles

Penny Wise

0.74 miles

Chevron

0.90 miles

Arco

1.25 miles

eVgo

1.36 miles

Shell

1.41 miles

Valero

1.44 miles

Chevron

1.47 miles

Arco

1.60 miles

Sinclair

1.60 miles

Arco

1.91 miles

Fresno County Employee Parking Garage

1.80 miles

Convention Center Garage

1.92 miles

Parking Lot T: Visitor Parking

3.08 miles

Parking Lot F

3.16 miles

Fowler Ave Park N Ride

6.65 miles

Parking Lot C

9.56 miles

Parking Lot B

9.57 miles

Rolling Hills Park And Ride

9.61 miles

Temperance Park and Ride

9.61 miles

Parking Lot M1

9.62 miles

Veni Vidi Vivi

0.09 miles

Michoacan Meat Market

0.53 miles

Lola's

0.82 miles

Fu Hai Restaurant

0.84 miles

Tacos y Tortas Chalio's

1.04 miles

Kopje Lodge

1.06 miles

Safari Cafe

1.11 miles

Toledito's Mexican Restaurant

1.15 miles

Taco shop

1.31 miles

Jack in the Box

1.44 miles

CentralValleyTalk.com

0.20 miles

Grocery Outlet

1.70 miles

FoodMaxx

1.81 miles

Kearney Palms Shopping Mall

1.84 miles

Manchester Mall

1.86 miles

Family Express Food & Liquor

1.96 miles

El Super

2.03 miles

Ventura

2.36 miles

Walmart Supercenter

2.51 miles

Grocery Outlet

2.65 miles

Contacts

Jared Ennis

KW Central California

(559) 302-8698

Highlights

  • Unique - 1 of 100 Privately Owned Theaters Generating A Profit
  • 2019 Revenue: Business of $1,281,506 + Property of $363,155
  • 68% Of The NOI Derived From Leased Property Rental's
  • 2 Leases Are Absolute NNN Leases w/ Zero Landlord Responsibility
  • Quality Tenants | Occupied Over 22 Years | 3% Bumps Every Year
  • Flagship Tower Location Surrounded by Eateries/Events
  • Largest Performing Arts Private Theatre Operator in Central CA
  • State-of-the-Art Auditorium | Best In Class Theater Design
  • Long Standing Venue (80+ Years) w/World Class Performances
  • Each Tenant Has Recently Re-Invested Into An Extensive Remodels
  • Me-n-Ed’s in 5th of 7th Five-Year Renewal Periods To 8/31/2026
  • Sequoia Brew in 3rd of 4th Five-Year Renewal Periods To 3/1/2030
  • Superior Location w/ Limited Competition | Abundant FREE Parking
  • Located In The Happening Retail/Restaurant Corridor In The Area
  • Average Food & Alcohol Spending Exceeds $32.39M Within 1-Mile
  • Over 364,925 People Living Within A Five Mile Radius Of The Property
  • 2 Miles From Fresno City College; 7 Miles From CSU Fresno
  • Over 20,000 College Students Within A Fifteen Minute Drive Of The Theater
  • Double-Digit Year-Over-Year Sales Growth
  • Regional Bus System Provides Easy Access Within Fresno & Clovis
  • Fresno County's Dominate Metropolitan Area
  • Unique Theatre which Accommodates Promotional Venues
  • Landmark Building in the Fresno Area (On National Register)
  • Prime Cannabis Retail Zoning, Outside Exclusion, 800'+ Away

Frequently Asked Questions

What is the total square footage of Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals?

Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals totals 27,169 square feet.

When was this property built?

Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals was built in 1939.

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Attachments

Contact Listing Broker

Jared Ennis

KW Central California

(559) 302-8698

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