505 Dakota AveFresno, CA 93705

Property Details for 505 Dakota Ave

Year built

1961

Construction

WOOD

Lot size

1.01 AC

Property size (Sq ft)

11,400 SF

Zone code

CC

Property type

Retail space

APN

435-043-14

APU

43504314

Description

This ±11,400 square foot retail center, situated on a 1.01-acre lot at 505 W Dakota Ave, Fresno, CA, presents a remarkable opportunity. Located at the highly visible corner of Dakota Avenue and N Fruit Avenue, this well-known Westwood shopping center boasts a prime location with excellent visibility and signage opportunities. Currently, one retail space of approximately 3,720 square feet is available. This space features an open floor plan, ideal for a variety of retail or office uses, along with a larger rear storage room and a private restroom. The property benefits from ample on-site parking and abundant street parking, ensuring convenient access for customers and employees. Its strategic location offers easy access to major streets and is within walking distance of numerous restaurants, shopping centers, banks, and schools, maximizing exposure to a large daytime population of approximately 378,901 people within a 5-mile radius. The property is zoned Community Commercial (APN: 435-043-14) and is surrounded by quality tenants, further enhancing its desirability. The building's configuration allows for various sized spaces, making it adaptable to diverse business needs. This is a rare opportunity to secure a prominent retail space in a thriving Fresno location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,678,133

  6.5%

  $3,395,200

  7%

  $3,152,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,224,215

  Geo Method

  $8,012,526

• Alternative Use

  Use

  Valuation

  Residential

  $2,863,978

  Hospitality

  $2,623,388

  Educational

  $2,182,628

  Medical

  $2,257,692

  Retail

  $3,395,200

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7863

Longitude

-119.818

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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