5751 Elm AveFresno, CA 93706

Property Details for 5751 Elm Ave

Year built

1982

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

7,440 SF

Zone code

C4

Property type

Turn key restaurants

APN

334-190-79

APU

33419079

Description

This 7,440 square foot retail shopping center, located at 5751 S. Elm Ave in Fresno, California (zip code 93706), presents a compelling investment opportunity. Situated at the southwest corner of Frantz and Elm Avenues in Easton, this property features five retail spaces currently occupied by a diverse mix of tenants, including Quickaroo (2,000 sq ft, month-to-month lease), Subway (1,000 sq ft, lease expiring in 2028), West America (1,340 sq ft, lease expiring in 2025), and a donut shop (2,000 sq ft, month-to-month lease). One 1,000 sq ft space is currently vacant. Current rental income is below market value, offering a significant opportunity for increased profitability through rent adjustments and conversion to triple net leases. The property's Assesor's Parcel Number (APN) is 334-190-79. This well-located retail center is priced at $1,000,000 and represents a strong addition to any investment portfolio. The property is categorized as a retail shopping center. This is a prime opportunity to acquire a well-positioned retail property with substantial upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,550,470

  6.5%

  $1,431,203

  7%

  $1,328,974

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,489,656

  Geo Method

  $5,229,228

• Alternative Use

  Use

  Valuation

  Residential

  $1,207,273

  Hospitality

  $1,105,856

  Educational

  $920,059

  Medical

  $951,701

  Retail

  $1,431,203

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.652

Longitude

-119.791

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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