2377 Shaw Ave Fresno, CA 93711

Property Details for 2377 Shaw Ave

Year built

1979

Lot size

0.23 lot acres

Property size

7,510 SF

Property type

Office Properties & Spaces

Description

This exceptional 7,510 square foot executive office condo building, located at 2377 W. Shaw Ave in Fresno, California, presents a compelling investment opportunity. The property, built in 1979 and extensively renovated in 2020, comprises six individual condo spaces, currently boasting 56% occupancy. Each unit offers functional, easy-to-rent layouts, with separate HVAC systems and meters for efficient management. The building features new flooring and paint, minimizing maintenance needs. The property sits on a 0.23-acre lot, zoned C-P, and benefits from ample parking and excellent visibility. Long-term tenants are in place, offering immediate cash flow, with significant upside potential through leasing of the currently vacant units. The building's location in the West Shaw Office submarket of Northwest Fresno provides convenient access and strong market demand. The asking price is $799,000. This investment offers a portfolio of six separate APNs/condo spaces, allowing for flexibility and potential for rent growth in the under-market remaining units. The quality construction, well-maintained spaces, and minimal management requirements make this a highly attractive proposition for discerning investors.