1824 Mckinley AveFresno, CA 93703

Property Details for 1824 Mckinley Ave

Year built

1966

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

5,720 SF

Zone code

NMX

Property type

Retail properties

Property subtype

Retail space

APN

451-071-03

APU

45107103

Description

This exceptional 5,720-square-foot warehouse, located at 1824 E McKinley Ave in Fresno, CA 93703, presents a unique investment opportunity. Built in 1966, this two-story building sits on a 9,720-square-foot lot (APN 451-071-03) and features a 20-foot ceiling height. The property is owner-occupied and boasts a single unit with 5,720 square feet of net rentable space. Its strategic location within Fresno's key industrial corridor provides easy access to major transportation routes. The solid concrete construction ensures durability, while the open floor plan offers flexibility for various business needs. The NMX zoning allows for mixed-use possibilities, expanding potential applications beyond traditional warehousing. Ample on-site parking is available for convenient loading, unloading, and daily operations. Priced at $795,000 ($138.99/sq ft), this property offers a compelling combination of location, functionality, and zoning versatility. This is an ideal opportunity for businesses seeking a well-situated, adaptable industrial space in a thriving Fresno location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,192,028

  6.5%

  $1,100,333

  7%

  $1,021,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,914,091

  Geo Method

  $4,020,320

• Alternative Use

  Use

  Valuation

  Residential

  $928,172

  Hospitality

  $850,201

  Educational

  $707,357

  Medical

  $731,684

  Retail

  $1,100,333

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7648

Longitude

-119.789

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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