5 River Park PlFresno, CA 93720
- Office properties
- 66,476 SF
Property Details for 5 River Park Pl
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 5.08 AC
- Property size (Sq ft)
- 66,476 SF
- Zone code
- O
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 402-760-31
- APU
- 40276031
Description
This exceptional Class A office building, located at 5 River Park Place West in Fresno, CA 93720, offers a prime opportunity for businesses seeking a prestigious location. The single, three-story building encompasses 66,476 square feet, with 3,958 square feet currently available for lease. Built in 2004, this property sits on a 4.4-acre lot and boasts stunning views of the Sierra Nevadas and Woodward Park. Its convenient location, situated just north of Friant Avenue between Highway 41 and Fresno Street, provides easy access to all areas of Fresno. The property's zoning is designated as Office, and its APN is 402-760-31. The building features multiple tenancies and is easily accessible via the nearby Highway 41 on and off-ramps. Its proximity to major shopping centers like Park Crossing and River Park ensures convenient access to a wide array of amenities, including restaurants, banking services, and other essential businesses. This is a rare opportunity to secure space in a highly sought-after, well-maintained Class A office building in a vibrant and accessible location. The building's total square footage is 66,476, with a significant portion currently available. This property presents a unique chance to establish a strong presence in a thriving Fresno business community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $14,590,498
- 6.5%
- $13,468,152
- 7%
- $12,506,141
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,774,746
- Geo Method
- $18,540,822
-
Alternative Use
- Use
- Valuation
- Residential
- $16,700,509
- Hospitality
- $15,297,576
- Educational
- $12,727,404
- Medical
- $13,165,119
- Retail
- $19,798,184
Location Insight
- City
- Fresno
- County
- Fresno
- State
- California
- Latitude
- 36.8573
- Longitude
- -119.787
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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