4224 Shields AveFresno, CA 93726
- Retail properties
- 17,226 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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