507 Shields AveFresno, CA 93705

Property Details for 507 Shields Ave

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

2,541 SF

Zone code

CC

Property type

Retail space

APN

443-032-49

APU

44303249

Description

This exceptional 2,541 square foot shopping center in Fresno, CA, presents a lucrative investment opportunity. Located at the highly visible and trafficked intersection of Fruit and Shields Avenues, this property boasts three retail units within a single building constructed in 1978. The combined lot size spans an impressive 36,022 square feet, offering significant potential for redevelopment. Currently zoned CC Commercial - Community, this site is ideally suited for a variety of retail applications, including convenience stores, quick-service restaurants, or auto parts stores. The property's strategic location ensures high visibility and substantial traffic counts, making it an attractive proposition for both established businesses and new ventures. The asking price is $795,000. The property consists of two individual parcels (APN: 443-032-49 and 443-032-09) and offers a net rentable area of 2,541 square feet. This presents a rare chance to acquire a well-positioned retail property in a thriving Fresno market with significant upside potential for future development. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $819,836

  6.5%

  $756,772

  7%

  $702,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,555

  Geo Method

  $1,785,950

• Alternative Use

  Use

  Valuation

  Residential

  $638,366

  Hospitality

  $584,740

  Educational

  $486,496

  Medical

  $503,228

  Retail

  $756,772

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7791

Longitude

-119.818

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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