Technical
Financial
Distress signals
Property profile

1029 Shaw Ave Fresno, CA 93710

OFF-MARKET
Strip malls
Property ID
US09-1656130
80,771 SF 7.47 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Ashtree Square, located at 1029 E Shaw Ave, Fresno, CA 93710, offers exceptional retail and restaurant opportunities within a vibrant commercial hub. This 80,877 square foot shopping center boasts a prime location at the signalized intersection of Shaw Ave and First St, experiencing a remarkable 61,937 cars per day. Shaw Avenue, Fresno's main commercial artery, ensures unparalleled visibility and consistent high-volume traffic. The center enjoys a strategic position directly across from Fashion Fair Mall, Fresno's largest enclosed mall, home to numerous national retailers and restaurants. This presents a unique opportunity to capitalize on the substantial foot traffic generated by this major shopping destination. Three spaces are currently available, ranging from 1,200 to 15,817 square feet, with a minimum divisible space of 3,262 square feet and a maximum contiguous space of 9,494 square feet. A total of 14,506 square feet is currently vacant. The property's convenient access to Highway 41 on/off-ramps to the west and proximity to California State University, Fresno (one mile east), further enhances its appeal and accessibility. The property's APN is 427-310-02, located in Fresno County. This is an exceptional opportunity to establish or expand your business in a high-demand, high-visibility location within a thriving Fresno commercial corridor.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Construction TILT-UP CONCRETE
Total area 80,771 SF
Lot 7.47 ac (325,393 SF)
Zoning code CMX
APN 427-310-02
UPID US09-1656130

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

1029 Shaw Ave Fresno, CA 93710-7806
Fresno metro Census 5302 FRESNO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.48M
CAP Approach CAP
$16.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$16.10M

Owner & transaction history

since 2023
Last sale
$15.8M
7 recorded transactions
2023
$15.8M
2016
$13.8M
2007
Price N/A
2006
Price N/A
2006
Price N/A
2006
Price N/A
2005
Price N/A

Zoning & alternative use

CMX · Fresno, CA
Zoning description

Single Unit Dwelling, Attached | Multi-Unit Residential NMX,* CMX,* RMX* Adult Family Daycare, Small (6 clients or less) & Large (7-12 clients) NMX,* CMX* Elderly & Long-Term Care NMX* Family Daycare, Small (8 children o…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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