1275 Spruce AveFresno, CA 93720

Property Details for 1275 Spruce Ave

Year built

2005

Construction

WOOD

Lot size

1.14 AC

Property size (Sq ft)

12,912 SF

Zone code

O

Property type

Medical offices

Property subtype

Medical centers

APN

404-560-05

APU

40456005

Description

Exceptional 12,912 square foot Class A medical office building located at 1275 E. Spruce Ave, Fresno, CA 93720. This single-story, 2005-built property sits on a 1.14-acre lot and offers abundant surface and subterranean parking. The building is zoned for office use by the City of Fresno and features a highly visible monument sign. Its ideal location in North Fresno places it within close proximity to major medical facilities including Kaiser Permanente, St. Agnes Medical Center, and Fresno Heart and Surgical Hospital. The asking price is $5,358,480, translating to $415 per square foot. This is a rare owner-user opportunity for a medical practice seeking a move-in ready space with ample room for growth. The property's multi-tenant configuration provides flexibility, and its modern design and functionality make it an attractive investment. The APN is 404-560-05. This presents a unique chance to acquire a premier medical office building in a thriving Fresno location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,833,993

  6.5%

  $2,615,994

  7%

  $2,429,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,898,603

  Geo Method

  $3,601,286

• Alternative Use

  Use

  Valuation

  Residential

  $3,243,832

  Hospitality

  $2,971,332

  Educational

  $2,472,114

  Medical

  $2,557,134

  Retail

  $3,845,510

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8415

Longitude

-119.76

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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