660 Locust AveFresno, CA 93650

  • Office properties
  • 18,050 SF
For Lease
$22.80/SF/YR View listing

Property Details for 660 Locust Ave

Year built
2004
Construction
WOOD
Lot size
1.68 AC
Property size (Sq ft)
18,050 SF
Zone code
IL
Property type
Office properties
Property subtype
Office buildings
APN
405-550-77
APU
40555077

Description

This exceptional 8,947 square foot executive office space is situated within the prestigious Palm Bluffs Corporate Center at 660 W. Locust Ave, Fresno, CA 93650. Located in Fresno County, this Class A office building offers a total of 18,050 square feet, with this particular suite representing a significant portion. The space is part of a multi-tenant building, providing a vibrant and collaborative environment. The building enjoys a highly visible location, elevated from the street, making it one of the most prominent structures in the area. Its convenient location offers easy access to a variety of amenities, including numerous restaurants, essential services, and the popular River Park shopping center. This is an unparalleled opportunity to secure a substantial and well-positioned executive office space in a thriving Fresno business district. The property is ideal for businesses seeking a high-profile address and convenient access to a range of services and amenities. The suite's size offers ample space for a variety of business configurations and needs. This is a rare opportunity to lease a significant portion of a highly desirable Class A office building in a prime Fresno location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,961,708
    6.5%
    $3,656,961
    7%
    $3,395,750
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,654,103
    Geo Method
    $5,034,326
  • Alternative Use

    Use
    Valuation
    Residential
    $4,534,632
    Hospitality
    $4,153,698
    Educational
    $3,455,828
    Medical
    $3,574,680
    Retail
    $5,375,733
660 Locust Ave, Fresno, California

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.8408
Longitude
-119.806
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,212
$1,200,000
$2,600,000
$3,800,000
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-
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