2103 Shaw AveClovis, CA 93611

Property Details for 2103 Shaw Ave

Year built

2007

Construction

WOOD

Lot size

3.15 AC

Property size (Sq ft)

13,284 SF

Zone code

PCC

Property type

Office buildings

APN

551-290-01

APU

55129001

Description

This exceptional investment opportunity presents a single-tenant, 13,284-square-foot office building located at 2103 Shaw Avenue in Clovis, California. The property, built in 2007 and renovated in 2017, boasts a prominent location with high visibility from Shaw Avenue. Currently occupied by the DMV, the building offers a stable income stream and significant potential for future growth. The single-story structure sits on a 3.15-acre lot and is zoned CP- Administrative & Professional Office, allowing for flexibility in future uses. The asking price is $6,750,000, translating to $508.13 per square foot. Key features include LEED Silver certification, and additional building area beyond the stated square footage. The property's Assesor's Parcel Number (APN) is 551-290-01. This is a rare opportunity to acquire a well-maintained, high-profile commercial property in a thriving California market. The property's prime location and strong tenant history make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,915,642

  6.5%

  $2,691,361

  7%

  $2,499,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,953,302

  Geo Method

  $3,705,040

• Alternative Use

  Use

  Valuation

  Residential

  $3,337,288

  Hospitality

  $3,056,938

  Educational

  $2,543,336

  Medical

  $2,630,806

  Retail

  $3,956,301

Location Insight

City

Clovis

County

Fresno

State

California

Latitude

36.8095

Longitude

-119.677

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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