1725 Broadway St
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1725 Broadway St
18,750 SF Sports & Entertainment Building Offered at $3,995,000 at a 14.03% Cap Rate in Fresno, CA 93721
Investment Highlights
- Long Standing Venue (100+ Years) Generating A Profit
- Everything Is Included: Type 47 Liquor License, Equipment, etc
- Superior Location w/ Limited Competition | Abundant Parking
- Flagship Downtown Location Surrounded by Eateries/Events
- Year-Round Venue w/ Healthy Cash Flow | Value Add Opportunity
- Fresno County's Dominate Metropolitan Area
Executive Summary
Successful and profitable Ballroom/Concert Venue PLUS the real estate! Opened in 1918 as a Natatorium and later restored as the Rainbow Ballroom in 1924 and the music has never stopped. It is the dominant landmark stitching together a unique and diverse music and entertainment district. The iconic building sits on Broadway St., the former CA-99 through Fresno, CA until the post-war expressway was built. Many nearby buildings were closed during the 1960's realignment project, but the Rainbow Ballroom been a constant throughout the years! The Rainbow Ballroom has become a premier location for live musicians to perform, including Janis Joplin, Creedence Clearwater Revival, Carlos Santana, Ike and Tine Turner Revue, Fleetwood Mac, Snoop Dog, Tyler, The Creator, A$AP Ferg, and many more! The Rainbow Ballroom also offers their venue to other events including Quinceanera's, Weddings, MMA fighting, filming, and Charity Drives.
The Rainbow Ballroom is a ±18,750 SF Entertainment Ballroom/Concert Building on ±0.43 acres; The Rainbow Ballroom consist of 2 levels to offer more space when holding an event. The lower level offers a large 20'x32' stage that's 5' high, a maple flooring dance floor that can fit 600-800 people, Ballroom VIP that has 14 tables, additional VIP table area that hold 64 people, kitchen sitting area, large bar that has recently been remodeled, soft drink sales station, large kitchen with a very clean 5-year-old Ansul system in the kitchen with a 6-burner stove, flat top and 2 ovens, (2) preparation tables, (2) ice cream freezers, walk-in freezer, (2) beer fridges (3-door model), Keg cooler, and ice machine. Features (2) women's restrooms that have been completely remodeled, (1) men's restroom, private restroom for workers and musicians, and an extra area for band members. Upstairs on the second floor there are (2) additional rooms, restroom with a shower, and a large balcony for the DJ. The building is equipped with fire sprinklers throughout. This Turn-key fully operational business including 2 separate parking lots with 100 parking stalls (totaling ±0794 acres), business website, domain, 1- Type 47 Liquor License (allows for catering), tables, chairs, bar and kitchen equipment, and all office equipment.
Centrally located in the fastest growing region in California to proudly serve all of Central California including cities such as Fresno (972,297 metro), Clovis (102,189), Madera (154,998), Visalia (130,753), Tulare (61,170), Hanford (55,840), Lemoore (26,199), Merced (81,743), Sanger (24,270), Selma (23,219), Kingsburg (11,382), and more!
Previous gross sales
2006: $641,788.51
2009: $941,700.70
2010: $1,194,465.60
2011: $1,240,004.19
2018: $548,747.45
2019: $574,037.16
The Rainbow Ballroom is a ±18,750 SF Entertainment Ballroom/Concert Building on ±0.43 acres; The Rainbow Ballroom consist of 2 levels to offer more space when holding an event. The lower level offers a large 20'x32' stage that's 5' high, a maple flooring dance floor that can fit 600-800 people, Ballroom VIP that has 14 tables, additional VIP table area that hold 64 people, kitchen sitting area, large bar that has recently been remodeled, soft drink sales station, large kitchen with a very clean 5-year-old Ansul system in the kitchen with a 6-burner stove, flat top and 2 ovens, (2) preparation tables, (2) ice cream freezers, walk-in freezer, (2) beer fridges (3-door model), Keg cooler, and ice machine. Features (2) women's restrooms that have been completely remodeled, (1) men's restroom, private restroom for workers and musicians, and an extra area for band members. Upstairs on the second floor there are (2) additional rooms, restroom with a shower, and a large balcony for the DJ. The building is equipped with fire sprinklers throughout. This Turn-key fully operational business including 2 separate parking lots with 100 parking stalls (totaling ±0794 acres), business website, domain, 1- Type 47 Liquor License (allows for catering), tables, chairs, bar and kitchen equipment, and all office equipment.
Centrally located in the fastest growing region in California to proudly serve all of Central California including cities such as Fresno (972,297 metro), Clovis (102,189), Madera (154,998), Visalia (130,753), Tulare (61,170), Hanford (55,840), Lemoore (26,199), Merced (81,743), Sanger (24,270), Selma (23,219), Kingsburg (11,382), and more!
Previous gross sales
2006: $641,788.51
2009: $941,700.70
2010: $1,194,465.60
2011: $1,240,004.19
2018: $548,747.45
2019: $574,037.16
Property Facts
Price | $3,995,000 | Lot Size | 1.22 AC |
Price Per SF | $213 | Building Size | 18,750 SF |
Sale Type | Investment | No. Stories | 1 |
Cap Rate | 14.03% | Year Built | 1935 |
Property Type | Sports & Entertainment | Tenancy | Single |
Property Subtype | Theater/Concert Hall | Parking Ratio | 0.53/1,000 SF |
Building Class | C | Opportunity Zone |
Yes
|
Price | $3,995,000 |
Price Per SF | $213 |
Sale Type | Investment |
Cap Rate | 14.03% |
Property Type | Sports & Entertainment |
Property Subtype | Theater/Concert Hall |
Building Class | C |
Lot Size | 1.22 AC |
Building Size | 18,750 SF |
No. Stories | 1 |
Year Built | 1935 |
Tenancy | Single |
Parking Ratio | 0.53/1,000 SF |
Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $305,369 | |
Land Assessment | $237,480 | Total Assessment | $542,849 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$237,480
Improvements Assessment
$305,369
Total Assessment
$542,849
zoning
Zoning Code | DTN (Downtown - Neighborhood) |
DTN (Downtown - Neighborhood) |
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1725 Broadway St
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