48 Spruce AveFresno, CA 93650
- Retail properties
- 8,732 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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