1029 Shaw AveFresno, CA 93710

Property Details for 1029 Shaw Ave

Year built

1972

Construction

TILT-UP CONCRETE

Lot size

7.47 AC

Property size (Sq ft)

80,771 SF

Zone code

CMX

Property type

Strip malls

Property subtype

Neighborhood centers

APN

427-310-02

APU

42731002

Description

Ashtree Square, located at 1029 E Shaw Ave, Fresno, CA 93710, offers exceptional retail and restaurant opportunities within a vibrant commercial hub. This 80,877 square foot shopping center boasts a prime location at the signalized intersection of Shaw Ave and First St, experiencing a remarkable 61,937 cars per day. Shaw Avenue, Fresno's main commercial artery, ensures unparalleled visibility and consistent high-volume traffic. The center enjoys a strategic position directly across from Fashion Fair Mall, Fresno's largest enclosed mall, home to numerous national retailers and restaurants. This presents a unique opportunity to capitalize on the substantial foot traffic generated by this major shopping destination. Three spaces are currently available, ranging from 1,200 to 15,817 square feet, with a minimum divisible space of 3,262 square feet and a maximum contiguous space of 9,494 square feet. A total of 14,506 square feet is currently vacant. The property's convenient access to Highway 41 on/off-ramps to the west and proximity to California State University, Fresno (one mile east), further enhances its appeal and accessibility. The property's APN is 427-310-02, located in Fresno County. This is an exceptional opportunity to establish or expand your business in a high-demand, high-visibility location within a thriving Fresno commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $26,060,218

  6.5%

  $24,055,586

  7%

  $22,337,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,929,304

  Geo Method

  $56,770,156

• Alternative Use

  Use

  Valuation

  Residential

  $20,291,786

  Hospitality

  $18,587,168

  Educational

  $15,464,305

  Medical

  $15,996,146

  Retail

  $24,055,586

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8076

Longitude

-119.771

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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