7160 1St StFresno, CA 93720

Property Details for 7160 1St St

Year built

1979

Construction

WOOD

Lot size

1.55 AC

Property size (Sq ft)

4,950 SF

Zone code

RS4

Property type

Banks

APN

303-390-08S

APU

30339008S

Description

This exceptional single-tenant office building, located at 7160 N. First Street, Fresno, CA, offers 4,950 square feet of space in the desirable East Herndon/Woodward Park submarket. Built in 1979, the one-story building (APN 303-390-08S) presents a blend of classic charm and modern functionality, ideal for a variety of professional uses. Its traditional office layout is perfect for businesses seeking a well-established space. The property's convenient location provides easy access to Blackstone Avenue and Highway 41, simplifying commutes. Furthermore, its proximity to the River Park Shopping Center offers employees numerous amenities and dining options. The building's strategic location near top-tier medical facilities, including Kaiser Permanente and Saint Agnes Medical Center, adds another layer of convenience. This is a rare opportunity to acquire a well-situated, single-tenant office building in a thriving Fresno neighborhood. The property is zoned for office use and presents a strong investment opportunity. The building's size and location make it an attractive option for businesses seeking a prominent presence in a vibrant commercial area. This is a truly exceptional property offering a unique combination of convenience, accessibility, and a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,597,084

  6.5%

  $1,474,232

  7%

  $1,368,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,834,199

  Geo Method

  $3,479,123

• Alternative Use

  Use

  Valuation

  Residential

  $1,243,569

  Hospitality

  $1,139,103

  Educational

  $947,720

  Medical

  $980,314

  Retail

  $1,474,232

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8402

Longitude

-119.773

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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