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    48 Spruce Ave Fresno, CA 93650

    For Lease
    $9 SF/Yr ($6,636 /Mo)

    Prime freestanding retail space, 8,732 sq ft.

    Lot size:
    8,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional freestanding retail property, located at 48 E. Spruce Avenue in Fresno, California, presents a significant investment opportunity. Situated on a 3.3-acre lot at the northwest corner of Abby and Spruce Avenues, this single-tenant building offers 8,732 square feet of versatile commercial space. The property's prominent corner location ensures high visibility and accessibility for customers, making it ideal for a variety of retail businesses. The ample lot size provides significant potential for future expansion or development. The property's address is 48 E. Spruce Ave, Fresno, CA 93650, and its Assessor's Parcel Number (APN) is 303-102-08 within Fresno County. This property is a rare find, combining a desirable location with substantial square footage, offering a strong foundation for a successful retail venture. The property's size and location make it an attractive option for businesses seeking a high-profile presence in a thriving Fresno community. The single-tenant occupancy provides simplicity and ease of management. This is a chance to acquire a well-positioned retail asset with considerable growth potential.

    Property Features for 48 Spruce Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,732 SF
    Total Rate
    6636.32

    Unit(s) available at that property

    Space
    Size
    8,732 SF
    Rate per SF
    $9

    HighLights

    • 8,732 SF freestanding retail building on a 3.3‑acre lot in Fresno, CA.
    • High‑visibility corner location at Abby and Spruce Avenues.
    • Move‑in ready condition.
    • Features multiple roll‑up doors, offices, and multiple entrances.
    • Flexible C‑M‑X zoning.
    • Located near the Riverpark retail area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shuttleworth Makoto Attorney Ruggier Frank Attorney Tinaom Shoppe Travel Agency Noble House Design Business Center Price Law Group Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789576
    Latitude
    36.8410476

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    FAQs

    What type of property is this?
    Individual retail property - Prime freestanding retail space, 8,732 sq ft.
    Where is this individual retail property located?
    The property is located at 48 Spruce Ave Fresno, CA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 8,732 SF freestanding retail building on a 3.3-acre lot in Fresno, CA.; High-visibility corner location at Abby and Spruce Avenues.; Move-in ready condition.
    Request Owner's contact information
    48 Spruce Ave Fresno, CA 93650
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    Fresno, CA 93650
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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
    48 Spruce Ave Fresno, CA 93650
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