1665 Shaw AveFresno, CA 93711

Property Details for 1665 Shaw Ave

Year built

1978

Construction

WOOD

Lot size

0.66 AC

Property size (Sq ft)

9,264 SF

Zone code

CMX

Property type

Office buildings

APN

425-022-15

APU

42502215

Description

This exceptional Fresno, CA commercial property, located at 1665 W Shaw Ave, presents a compelling investment opportunity. Priced at $2,300,000, the 9,264 square foot building sits on a 28,560 square foot lot and features a newly renovated dental office. The property boasts a Class B rating, a 10-year NNN lease commencing July 1, 2024, with a remaining term of 9.6 years. Currently at 42% occupancy with one tenant, the building offers significant upside potential. Built in 1978 and renovated in 2017, the single-story structure includes 25 parking spaces and is zoned CMX, allowing for diverse usage options, including potential conversion to a medical facility. The property's strategic location near West Ave and Shaw Ave ensures high visibility and easy access. With 9,078 square feet of net rentable space, the price per square foot is $248.27. This multi-tenant building offers four units and presents a strong return on investment for owner-users seeking a versatile and well-located commercial space in a thriving Fresno market. The property's features and zoning make it an ideal choice for a variety of businesses. The substantial lot size provides ample room for expansion or future development. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a desirable area of Fresno.

• CAP approach

  CAP return

  Valuation

  6%

  $2,033,311

  6.5%

  $1,876,902

  7%

  $1,742,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,362,195

  Geo Method

  $2,583,822

• Alternative Use

  Use

  Valuation

  Residential

  $2,327,359

  Hospitality

  $2,131,848

  Educational

  $1,773,673

  Medical

  $1,834,672

  Retail

  $2,759,046

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.808

Longitude

-119.823

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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