5640 Fresno StFresno, CA 93710

Property Details for 5640 Fresno St

Year built

1999

Construction

WOOD

Lot size

0.54 AC

Property size (Sq ft)

6,816 SF

Zone code

O

Property type

Medical offices

Property subtype

Medical centers

APN

418-371-13

APU

41837113

Description

This exceptional investment opportunity presents 10,360 square feet of vacant medical office space within the prestigious Fresno Browning Office Park. The property comprises six single-story buildings situated conveniently south of Bullard Avenue on North Fresno Street, offering unparalleled access to Highway 41. This prime location provides effortless connectivity to a wealth of amenities, including extensive shopping, banking facilities, diverse dining options, and comfortable lodging accommodations. The available space is highly divisible, with minimum leasable units of 1,073 square feet and a maximum contiguous space of 5,140 square feet, catering to a range of tenant needs. The building boasts a total of 10,117 square feet, offering flexibility for expansion or consolidation. Ample parking is provided, with a generous ratio of 4.3 spaces per 1,000 square feet, ensuring convenient parking for staff and patients. The property is located in Fresno County and presents a unique chance to acquire a well-situated medical office complex in a thriving area. The flexible space options make this an ideal location for a variety of medical practices seeking a modern and accessible workspace. The strategic location and ample parking make this property a highly desirable asset. This is a rare opportunity to secure a significant footprint in a well-established and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,496,011

  6.5%

  $1,380,933

  7%

  $1,282,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,002,236

  Geo Method

  $1,901,050

• Alternative Use

  Use

  Valuation

  Residential

  $1,712,357

  Hospitality

  $1,568,510

  Educational

  $1,304,982

  Medical

  $1,349,862

  Retail

  $2,029,972

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8203

Longitude

-119.781

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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