191 Shaw AveFresno, CA 93704

  • Office buildings
  • 21,208 SF
For Lease
$21/SF/YR View listing

Property Details for 191 Shaw Ave

Year built
1972
Construction
TILT-UP CONCRETE
Lot size
1.50 AC
Property size (Sq ft)
21,208 SF
Zone code
CP RP
Property type
Office buildings
APN
425-091-24
APU
42509124

Description

This exceptional two-story office building, situated at 191 W. Shaw Avenue in Fresno, California (93704), presents a significant opportunity for businesses seeking a prominent location. Built in 1972 and extensively renovated in 2020, the property boasts a total of 21,208 square feet of leasable space, currently offering one available suite of 4,080 square feet. The building is classified as both Traditional and Executive Office space, catering to a variety of business needs. The property sits on a two-acre lot, providing ample parking for tenants and visitors. Security features include gated and secured parking, enhancing the safety and peace of mind for occupants. The building's location at the corner of Shaw and Del Mar Avenues offers excellent visibility, further enhanced by available monument signage for increased brand awareness and customer attraction. The property's APN is 425-091-24, and it is located in Fresno County. This multi-tenant building offers a blend of modern amenities and a desirable location within the thriving West Shaw Corridor, making it an ideal choice for businesses seeking a prestigious and functional workspace. The property's convenient access and high visibility make it an attractive option for businesses looking to establish or expand their presence in Fresno.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,654,842
    6.5%
    $4,296,778
    7%
    $3,989,865
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,118,461
    Geo Method
    $5,915,124
  • Alternative Use

    Use
    Valuation
    Residential
    $5,328,004
    Hospitality
    $4,880,423
    Educational
    $4,060,454
    Medical
    $4,200,100
    Retail
    $6,316,262

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.8081
Longitude
-119.794
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,462
$683,265
$1,524,208
$2,207,473
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