1220 Olive Ave Fresno, CA 93728-3600
- Office buildings
- 2,375 SF
- 0.32 lot acres
Jul 27, 2022
Current Use by Public Records
- Schwin Law, PC / Employment Attorney
Property Details for 1220 Olive Ave
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 2,375 SF
- Zone code
- CMS
- Property type
- Office buildings
- APN
- 452-044-12
- APU
- 45204412
Description
This exceptional 2,375-square-foot Class A office space is ideally situated in Fresno's vibrant Tower District at 1220 E Olive Ave, at the corner of Olive Ave and Poplar Ave. The single-tenant suite, previously occupied by a law firm, boasts high-end finishes including tile, glass, and stucco. The layout includes six private offices, an eight-person conference room, a convenient kitchenette, a reception/waiting area, and a restroom. High-quality finishes are evident throughout. The property features multiple access points and a private parking lot in the rear, supplementing ample street parking. The 0.32-acre lot is zoned CMS (Commercial - Main Street), offering flexibility for various professional uses, including legal, medical, or other office-based businesses. Its prime location offers easy access to major freeways (HWY-99, 41, & 180) and is just minutes from the County Courthouse and City Hall in downtown Fresno. Built in 1966, this single-story building provides a prestigious and functional workspace. The APN is 452-044-11. This is a rare opportunity to secure a well-appointed office suite in a highly desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $580,000
- ML approach
- $515,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $625,000
- 6.5%
- $575,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $386,000
- AI Estimate
- $356,000
Market price range: $176k - $386kMarket price range: $155k - $356k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $825,000
- MEDICAL BUILDING
- $475,000
- AUTO REPAIR, GARAGE
- $365,000
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.796
- Latitude
- 36.7575
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA