5751 Elm AveFresno, CA 93706
- Retail properties
- 7,440 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].