48 Spruce AveFresno, CA 93650

Property Details for 48 Spruce Ave

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

0.33 AC

Property size (Sq ft)

8,732 SF

Zone code

CMX

Property type

Retail space

APN

303-102-08

APU

30310208

Description

This exceptional freestanding retail property, located at 48 E. Spruce Avenue in Fresno, California, presents a significant investment opportunity. Situated on a 3.3-acre lot at the northwest corner of Abby and Spruce Avenues, this single-tenant building offers 8,732 square feet of versatile commercial space. The property's prominent corner location ensures high visibility and accessibility for customers, making it ideal for a variety of retail businesses. The ample lot size provides significant potential for future expansion or development. The property's address is 48 E. Spruce Ave, Fresno, CA 93650, and its Assessor's Parcel Number (APN) is 303-102-08 within Fresno County. This property is a rare find, combining a desirable location with substantial square footage, offering a strong foundation for a successful retail venture. The property's size and location make it an attractive option for businesses seeking a high-profile presence in a thriving Fresno community. The single-tenant occupancy provides simplicity and ease of management. This is a chance to acquire a well-positioned retail asset with considerable growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,817,321

  6.5%

  $2,600,604

  7%

  $2,414,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,235,600

  Geo Method

  $6,137,314

• Alternative Use

  Use

  Valuation

  Residential

  $2,193,706

  Hospitality

  $2,009,424

  Educational

  $1,671,817

  Medical

  $1,729,313

  Retail

  $2,600,604

Location Insight

City

Pinedale

County

Fresno

State

California

Latitude

36.8412

Longitude

-119.789

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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