4224 Shields AveFresno, CA 93726

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 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.

• 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

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