Corner Retail Redevelopment
4309 North Cedar Avenue Fresno, CA 93726
New
4309 North Cedar Avenue, Fresno, CA, 93726
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For Sale
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Vacant corner commercial building on two contiguous parcels totaling about 1.92 acres, zoned CG for flexible uses with approvals.
Property Size14,994 SF
Price / SF$106.71
Days on Market7
Property Features for 4309 North Cedar Avenue
General Information
- Standard status
- Active
- Size
- 14,994 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing Agency
Colliers - Los Angeles - Orange County, California
(310) 367-7611
Listed by
Gil Corber · License #CA 01378982
Source
Crexi
Added: Jul 11 Checked: Jul 16 at 9:39 am
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
Investment Insights
Based on property information with market context.
This offering includes two contiguous parcels with a vacant 14,994-square-foot commercial building positioned on a highly visible corner along North Cedar Avenue. The property is presented as an owner-user, redevelopment, or value-add investment opportunity, with a sizable infill site available for future repositioning.
The site is zoned CG (Commercial General), a flexible zoning designation in the City of Fresno that permits a broad range of commercial uses, subject to City approvals. The location provides visibility and access, with proximity to Highway 41, State Route 168, and Shaw Avenue.
As listed, the property is configured as a single vacant commercial building on two parcels, offering a consolidated platform for an approved redevelopment plan or continued commercial use within the CG zoning framework.
The site is zoned CG (Commercial General), a flexible zoning designation in the City of Fresno that permits a broad range of commercial uses, subject to City approvals. The location provides visibility and access, with proximity to Highway 41, State Route 168, and Shaw Avenue.
As listed, the property is configured as a single vacant commercial building on two parcels, offering a consolidated platform for an approved redevelopment plan or continued commercial use within the CG zoning framework.
Key Highlights
- Vacant corner commercial building on two contiguous parcels totaling approx. 1.92 acres
- Includes an approx. 14,994‑SF vacant commercial building on North Cedar Avenue
- Zoned CG (Commercial General), permitting a broad range of retail, restaurant, automotive, office, and service commercial uses (subject to City approvals)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.9k | $14.40 |
| − Vacancy | −$10.4k | −$0.69 |
| EGI | $205.5k | $13.71 |
| − OpEx | −$61.7k | −$4.11 |
| NOI | $143.9k | $9.60 |
14,994 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,885 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,641 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant corner commercial building on two contiguous parcels totaling about 1.92 acres, zoned CG for flexible uses with approvals.
Where is this retail space located?
The property is located at 4309 North Cedar Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Vacant corner commercial building on two contiguous parcels totaling approx. 1.92 acres; Includes an approx. 14,994‑SF vacant commercial building on North Cedar Avenue; Zoned CG (Commercial General), permitting a broad range of retail, restaurant, automotive, office, and service commercial uses (subject to City approvals)
