Vacant Freestanding Retail
2915 N Maroa Avenue, Fresno, CA 93704
For Sale
Contact for pricing
Vacant freestanding building with C-2 Commercial zoning and redevelopment flexibility.
Property Size2,423 SF
Lot Size0.40 Acres
Price / SF$206.31
Days on Market98
Property Features for 2915 N Maroa Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Land Use
Building Details
Year Built
Buildings
Stories
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Gil Corber · License CA #01378982
(310) 367-7611
Source:
Crexi
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 10 at 5:14AM
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 Colliers - Los Angeles - Orange County, California
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Investment Insights
Based on property information with market context.
This vacant freestanding retail property includes a 2,423-square-foot commercial building on a 0.40-acre parcel measuring 17,424 square feet. Built in 1967, the existing improvement can accommodate renovation, owner-user occupancy, or leasing to a new operator. C-2 Commercial zoning establishes a commercial-use framework; any specific retail, service, restaurant, or other application should be verified with the City of Fresno.
The property is positioned near N. Maroa Avenue and E. Shields Avenue, with access to State Route 41 and other major arterial roads. The surrounding area includes residential neighborhoods, retail, restaurants, services, Manchester Center, Fig Garden Village, the Tower District, Fresno City College, and Christmas Tree Lane. Approximately 176,707 residents are located within three miles and 400,214 within five miles, with projected population growth of approximately 1.9% in both trade areas from 2024 to 2029.
The property is positioned near N. Maroa Avenue and E. Shields Avenue, with access to State Route 41 and other major arterial roads. The surrounding area includes residential neighborhoods, retail, restaurants, services, Manchester Center, Fig Garden Village, the Tower District, Fresno City College, and Christmas Tree Lane. Approximately 176,707 residents are located within three miles and 400,214 within five miles, with projected population growth of approximately 1.9% in both trade areas from 2024 to 2029.
Key Highlights
- 2,423‑square‑foot freestanding commercial building on a 0.40‑acre parcel
- 17,424‑square‑foot site with a substantial land component
- C‑2 Commercial zoning; specific uses subject to City of Fresno verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,393
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,860
$567.9K
Cap Rate 7%
$405,614
$405.6K
Cap Rate 9%
$315,478
$315.5K
Market Conditions
NOI Build-Up for 2,423 SF
Gross rent
$43.6K $18.00/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$40.6K $16.74/SF
− OpEx
−$12.2K −$5.02/SF
NOI
$28.4K $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,860
Cap Rate 7%
$405,614
Cap Rate 9%
$315,478
Alternative Uses
Best Use
Retail
$405.6K
$354.9K – $473.2K
NOI $28,393 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$714.0K
$624.8K – $833.0K
NOI $49,982 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Shell
Shops & Services
10,881 visits/mo
0.2 miles
Baskin-Robbins
Dining
3,707 visits/mo
0.4 miles
Demographics for 93704, CA
28,573
Population
12,165
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
5,291
Density / Sq Mi
$69,659
Median Household Income
$45,965
Median Earnings
$1,392
Median Rent
$366,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Fresno
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Vacant freestanding building with C-2 Commercial zoning and redevelopment flexibility.
Where is this retail space located?
The property is located at 2915 N Maroa Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,423‑square‑foot freestanding commercial building on a 0.40‑acre parcel; 17,424‑square‑foot site with a substantial land component; C‑2 Commercial zoning; specific uses subject to City of Fresno verification
