255 Shaw AveClovis, CA 93612

Property Details for 255 Shaw Ave

Year built

2000

Construction

TILT-UP CONCRETE

Lot size

2.03 AC

Property size (Sq ft)

25,216 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

497-051-49

APU

49705149

Description

This exceptional retail opportunity is located at 255 W. Shaw Avenue in Clovis, California, 93612, within Fresno County. The property consists of a 30,000 square foot retail center situated on a 2.46-acre lot (APN: 497-051-18 & 497-051-50), zoned C-2. Multiple spaces are available, with a minimum leasable area of 3,600 square feet and a maximum contiguous space of 25,000 square feet. This prime location benefits from exceptional visibility and high traffic counts, boasting 34,549 AADT on Shaw Avenue and 45,851 AADT on Villa Avenue. The property's strategic placement between Walmart and Michaels ensures significant consumer traffic and strong retail co-tenancy. This proposed retail development presents an unmatched opportunity to capitalize on the high-traffic segment of the Shaw Avenue corridor in Clovis, a thriving retail market in Fresno County. The property offers a unique chance to establish a presence in a bustling commercial area with excellent access and visibility. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $8,135,772

  6.5%

  $7,509,944

  7%

  $6,973,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,343,667

  Geo Method

  $17,723,146

• Alternative Use

  Use

  Valuation

  Residential

  $6,334,918

  Hospitality

  $5,802,751

  Educational

  $4,827,821

  Medical

  $4,993,857

  Retail

  $7,509,944

Location Insight

City

Clovis

County

Fresno

State

California

Latitude

36.8103

Longitude

-119.715

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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