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    507 Shields Ave Fresno, CA 93705

    Sponsored
    For Sale
    $795,000

    Prime Retail Center, High Traffic Area

    Property size:
    2,541 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2,541 square foot shopping center in Fresno, CA, presents a lucrative investment opportunity. Located at the highly visible and trafficked intersection of Fruit and Shields Avenues, this property boasts three retail units within a single building constructed in 1978. The combined lot size spans an impressive 36,022 square feet, offering significant potential for redevelopment. Currently zoned CC Commercial - Community, this site is ideally suited for a variety of retail applications, including convenience stores, quick-service restaurants, or auto parts stores. The property's strategic location ensures high visibility and substantial traffic counts, making it an attractive proposition for both established businesses and new ventures. The asking price is $795,000. The property consists of two individual parcels (APN: 443-032-49 and 443-032-09) and offers a net rentable area of 2,541 square feet. This presents a rare chance to acquire a well-positioned retail property in a thriving Fresno market with significant upside potential for future development. Serious inquiries only.

    Property Features for 507 Shields Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,541 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Units
    3

    HighLights

    • $795,000 asking price.
    • 2,541 square foot retail shopping center.
    • Three units in one building, built in 1978.
    • Located on a 36,022 square foot lot at 507 W Shields Ave, Fresno, CA 93705.
    • CC Commercial - Community zoning.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casy Haircutters Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.81811085028
    Latitude
    36.779431676591

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Center, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 507 Shields Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 2,541 square foot retail shopping center.; Three units in one building, built in 1978.
    Request Owner's contact information
    507 Shields Ave Fresno, CA 93705
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    Fresno, CA 93705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Shields Ave Fresno, CA 93705
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