2930 Nees AveFresno, CA 93720

Property Details for 2930 Nees Ave

Year built

2006

Construction

WOOD

Lot size

4.52 AC

Property size (Sq ft)

39,114 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

403-770-26S

APU

40377026S

Description

Montecito Plaza Shopping Center, located at 2930 E Nees Ave, Fresno, CA 93720, presents a unique investment opportunity in a thriving Fresno County neighborhood. Situated at the Northwest corner of Nees Avenue and Willow Avenue, this multi-tenant property offers a diverse range of spaces suitable for retail, office, and restaurant uses. The center's configuration includes free-standing, professional, storefront, and strip center options, catering to a variety of business needs. While the exact total square footage is currently unavailable, the multiple tenancies ensure a robust and diversified income stream. This established shopping center benefits from its high-traffic location within a well-populated area, providing excellent visibility and accessibility for businesses. The property's address is easily identifiable and convenient for customers. This is an exceptional opportunity to acquire a well-positioned commercial property in a growing market. Further details regarding individual unit sizes and lease terms are available upon request. The property's location at the intersection of Nees Avenue and Willow Avenue offers significant exposure to a high volume of daily traffic. This established shopping center provides a strong foundation for continued success and growth.

• CAP approach

  CAP return

  Valuation

  6%

  $12,619,868

  6.5%

  $11,649,109

  7%

  $10,817,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,493,504

  Geo Method

  $27,491,400

• Alternative Use

  Use

  Valuation

  Residential

  $9,826,459

  Hospitality

  $9,000,984

  Educational

  $7,488,713

  Medical

  $7,746,261

  Retail

  $11,649,109

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.8534

Longitude

-119.731

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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