4344 Blackstone AveFresno, CA 93726

Property Details for 4344 Blackstone Ave

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

1.36 AC

Property size (Sq ft)

19,396 SF

Zone code

CMX

Property type

Retail properties

Property subtype

Retail space

APN

428-151-07

APU

42815107

Description

This exceptional 19,396 square foot freestanding retail building is situated on a 1.36-acre lot at 4344 N Blackstone Ave in Fresno, CA, 93726. Boasting prominent signage and visibility on Blackstone Avenue, a major north-south commercial corridor, this property enjoys high traffic counts of approximately 31,219 ADT. Its location just north of the signalized intersection of Blackstone and Ashlan Avenues provides excellent accessibility. The building benefits from its proximity to a robust retail environment, including nearby Wal-Mart Supercenter, Petco, Grocery Outlet, Ross, dd's Discounts, and El Super. Convenient access to Highway 41 on/off ramps at Ashlan Avenue further enhances its strategic location. The property will be delivered vacant upon closing. This offering presents a unique opportunity to acquire a well-positioned retail building significantly below replacement cost in a densely populated and highly trafficked trade area. The property's APN is 428-151-07. This is an ideal investment for owner-users or investors seeking a strong return in a prime Fresno location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,257,988

  6.5%

  $5,776,604

  7%

  $5,363,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,187,094

  Geo Method

  $13,632,541

• Alternative Use

  Use

  Valuation

  Residential

  $4,872,782

  Hospitality

  $4,463,442

  Educational

  $3,713,532

  Medical

  $3,841,246

  Retail

  $5,776,604

Location Insight

City

Fresno

County

Fresno

State

California

Latitude

36.7968

Longitude

-119.79

CBSA code

23420

CBSA name

FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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