48 Spruce AveFresno, CA 93650

  • Retail properties
  • 8,732 SF
For Lease
$9.12/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
48 Spruce Ave, Fresno, California

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

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
$8,724
$171,619
$538,538
$710,157
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-
-
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