Drug Store Site on Signalized
For Sale
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2640 Floral Ave, Selma, CA 93662
Drug store redevelopment site with hard-corner visibility and multiple ingress/egress along a retail corridor.
Property Size17,780 SF
Price / SF$1.00
Days on Market97
Property Features for 2640 Floral Ave
General Information
Standard status
Active
Size
17,780 SF
Property subtype
Retail
Listing Agency:
Fresno
Listed By:
Ted Fellner · License #00977465
(559) 256-2435
Source:
Colliers
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 1 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fresno
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Investment Insights
Based on property information with market context.
Located at 2640 Floral Ave in Selma, CA, this drug store property is built with masonry construction and features a hard-corner, signalized intersection with high visibility. With prominent signage opportunity and significant frontage, the site is positioned for strong visibility to passing traffic.
Multiple points of ingress/egress support convenient access and circulation. The property is also described as part of a strong retail corridor with access to nearby residential neighborhoods, creating practical exposure for neighborhood-serving uses.
The configuration and visibility make it suitable for a pharmacy, urgent care, medical clinic, or repurpose. The property size is 17,780 square feet, offering a substantial footprint for an accommodating redevelopment or medical-focused tenant build-out.
Multiple points of ingress/egress support convenient access and circulation. The property is also described as part of a strong retail corridor with access to nearby residential neighborhoods, creating practical exposure for neighborhood-serving uses.
The configuration and visibility make it suitable for a pharmacy, urgent care, medical clinic, or repurpose. The property size is 17,780 square feet, offering a substantial footprint for an accommodating redevelopment or medical-focused tenant build-out.
Key Highlights
- Hard‑corner signalized intersection with high visibility
- Prominent signage opportunity
- Significant frontage with multiple points of ingress/egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,315
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,266,300
$4.3M
Cap Rate 7%
$3,047,357
$3.0M
Cap Rate 9%
$2,370,167
$2.4M
Market Conditions
NOI Build-Up for 17,780 SF
Gross rent
$411.8K $23.16/SF
− Vacancy
−$127.4K −$7.16/SF
EGI
$284.4K $16.00/SF
− OpEx
−$71.1K −$4.00/SF
NOI
$213.3K $12.00/SF
Area
Fresno County, CA
Vacancy
30.93%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,266,300
Cap Rate 7%
$3,047,357
Cap Rate 9%
$2,370,167
Alternative Uses
Best Use
Healthcare Medical
$3.59M
$3.14M – $4.19M
NOI $251,411 @ 7.0% cap · market cap 1,414.01%
Second Best
Specialty Retail
$3.52M
$3.08M – $4.10M
NOI $246,226 @ 7.0% cap · market cap 1,384.85%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,751 @ 7.0% cap · market cap 1,983.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 93662, CA
30,774
Population
9,810
Households
3.1
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
77.9 sq mi
ZIP Area
395
Density / Sq Mi
$56,735
Median Household Income
$34,406
Median Earnings
$1,220
Median Rent
$297,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dianne Jung — 1939 High St, Selma, CA 936623510
- Shady Dous — 2132 High St, Selma, CA 936623009
- Selma pharmacy — 2132 High St, Selma, CA 93662
- Kaiser Permanente Pharmacy — 2651 Highland Ave, Selma, CA 93662
- United Health Centers Of The San Joaquin Valley — Selma, CA 93662
Frequently Asked Questions
What type of property is this?
Drug store - Drug store redevelopment site with hard-corner visibility and multiple ingress/egress along a retail corridor.
Where is this drug store located?
The property is located at 2640 Floral Ave Selma, CA.
What are key features of this property?
This property features: Hard‑corner signalized intersection with high visibility; Prominent signage opportunity; Significant frontage with multiple points of ingress/egress
