2990 Nees AveFresno, CA 93720

Property Details for 2990 Nees Ave

Year built

2006

Construction

WOOD

Lot size

1.67 AC

Property size (Sq ft)

17,272 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

403-770-23S

APU

40377023S

Description

This exceptional retail property, a former Rite Aid, presents a compelling opportunity for owner-users or investors. Located at 2990 E. Nees Ave in Fresno, California, 93720, this freestanding building boasts 17,272 square feet on a 1.67-acre lot. Built in 1974, the property is zoned CC by the City of Fresno and is currently vacant, offering immediate occupancy. The building's design includes a convenient drive-thru, a significant advantage for various retail uses. Situated in the thriving Northeast Fresno/Clovis submarket, the property benefits from high traffic counts due to its location on a signalized intersection. Ample parking is available for customers and employees. The surrounding area is affluent, boasting an average household income of $128,004, and falls within the highly regarded Clovis Unified School District. This prime location and substantial square footage make this property an ideal investment or a perfect space for a new retail venture. The property's size and features make it suitable for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,572,694

  6.5%

  $5,144,026

  7%

  $4,776,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,400,056

  Geo Method

  $12,139,680

• Alternative Use

  Use

  Valuation

  Residential

  $4,339,178

  Hospitality

  $3,974,664

  Educational

  $3,306,874

  Medical

  $3,420,602

  Retail

  $5,144,026

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8526

Longitude

-119.731

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].