32 Spruce AveFresno, CA 93650

Property Details for 32 Spruce Ave

Year built

1991

Construction

TYPE NOT SPECIFIED

Lot size

0.39 AC

Property size (Sq ft)

4,996 SF

Zone code

CMX

Property type

Retail properties

Property subtype

Auto shops

APN

303-094-10

APU

30309410

Description

This exceptional single-tenant industrial warehouse, located at 32 W Spruce Ave, Fresno, CA 93650, offers 4,998 square feet of versatile space. The property boasts a highly functional layout, perfect for storage and operational needs. Key features include four large roll-up doors, ensuring efficient loading and unloading of goods. Ample parking is available for employees and clients, complemented by two convenient drive-in entrances for easy access. The interior comprises a well-appointed lobby area, dedicated storage space, a functional office, and multiple bathrooms for employee convenience. The monthly rental rate is $6,250.00. The property's prominent Blackstone signage adds to its visibility and appeal. This warehouse presents a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space in Fresno, California. The property's size, features, and location make it an attractive option for a variety of industrial uses. The ample parking and multiple access points contribute to its operational efficiency. The inclusion of office space and multiple bathrooms enhances its functionality and appeal to a broader range of potential tenants. The property is situated in Fresno, California, offering access to key transportation routes and a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,611,926

  6.5%

  $1,487,931

  7%

  $1,381,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,851,244

  Geo Method

  $3,511,454

• Alternative Use

  Use

  Valuation

  Residential

  $1,255,126

  Hospitality

  $1,149,688

  Educational

  $956,527

  Medical

  $989,424

  Retail

  $1,487,931

Location Insight

City

Pinedale

County

Fresno

State

California

Latitude

36.8412

Longitude

-119.791

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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