2641 Fresno StFresno, CA 93721

Property Details for 2641 Fresno St

Year built

1930

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

2,364 SF

Zone code

DTG

Property type

Office buildings

APN

466-056-06

APU

46605606

Description

This exceptional 2,364 square foot freestanding office building is situated on a 0.3-acre lot at the highly visible corner of Fresno and Q Streets in downtown Fresno, CA (93721). Built in 1930 and boasting a charming historic character, the two-story building has been recently remodeled, featuring quality finishes throughout. The ground floor encompasses approximately 2,004 square feet, including five private offices, a kitchenette, a reception area, ample storage, and restrooms. The upper level offers approximately 360 square feet of open office space and a private restroom. A bonus 315 square foot finished attic provides potential for expansion. The property includes 15 dedicated on-site parking spaces, plus an additional 12 street parking spaces, all available at no cost. The building is zoned for Downtown Commercial use (APN: 466-056-06) and benefits from high traffic counts at this intersection, near the Divisadero Street retail corridor with numerous national and local retailers. Multiple access points, deadbolts on each room, and lush landscaping enhance the property's appeal. The building's prime corner location offers excellent signage opportunities on the newly upgraded Fresno Street, making it ideal for a variety of professional uses, including attorney practices, medical offices, or other professional services. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $335,136

  6.5%

  $309,356

  7%

  $287,259

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,916

  Geo Method

  $659,343

• Alternative Use

  Use

  Valuation

  Residential

  $383,601

  Hospitality

  $351,377

  Educational

  $292,341

  Medical

  $302,395

  Retail

  $454,753

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7411

Longitude

-119.786

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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