4224 Shields AveFresno, CA 93726

  • Retail properties
  • 17,226 SF
For Lease

Property Details for 4224 Shields Ave

Year built
2007
Construction
WOOD
Lot size
1.48 AC
Property size (Sq ft)
17,226 SF
Zone code
CC
Property type
Retail properties
Property subtype
Retail space
APN
447-031-72
APU
44703172

Description

This exceptional retail opportunity presents a 17,226 square-foot former Rite Aid pharmacy located at 4224 E. Shields Avenue in Fresno, California, 93726. The property boasts a single-tenant configuration, ideal for a variety of retail uses. Its strategic location at the intersection of Cedar and Shields Avenues offers unparalleled visibility and accessibility, with a combined daily traffic count exceeding 76,990 vehicles. Furthermore, its proximity to Freeway 168, less than a quarter-mile away, provides convenient access to a substantial daily traffic volume of approximately 93,513 vehicles via on and off ramps located directly on Shields Avenue. This high-traffic location ensures significant exposure to potential customers. The property is situated in Fresno County and offers a substantial footprint for a business seeking a prominent presence in a busy commercial area. The building's previous use as a pharmacy suggests existing infrastructure suitable for retail operations. This prime retail space presents a unique opportunity for businesses seeking high visibility and convenient access in a densely populated area of Fresno. The property is ready for immediate occupancy and offers significant potential for growth and success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,133,662
    6.5%
    $4,738,764
    7%
    $4,400,281
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,257,465
    Geo Method
    $12,107,349
  • Alternative Use

    Use
    Valuation
    Residential
    $3,997,325
    Hospitality
    $3,661,528
    Educational
    $3,046,348
    Medical
    $3,151,117
    Retail
    $4,738,764
4224 Shields Ave, Fresno, California

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7792
Longitude
-119.753
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
$68,570
$1,400,000
$4,000,000
$5,400,000
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-
-
-

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