1275 Spruce Ave Fresno, CA 93720-3372
Exceptional 12,912 square foot Class A medical office building located at 1275 E. Spruce Ave, Fresno, CA 93720. This single-story, 2005-built property sits on a 1.14-acre lot and offers abundant surface and subterranean parking. The building is zoned for office use by the City of Fresno and features a highly visible monument sign. Its ideal location in North Fresno places it within close proximity to major medical facilities including Kaiser Permanente, St. Agnes Medical Center, and Fresno Heart and Surgical Hospital. The asking price is $5,358,480, translating to $415 per square foot. This is a rare owner-user opportunity for a medical practice seeking a move-in ready space with ample room for growth. The property's multi-tenant configuration provides flexibility, and its modern design and functionality make it an attractive investment. The APN is 404-560-05. This presents a unique chance to acquire a premier medical office building in a thriving Fresno location.
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O: Provides sites for administrative, financial, business, professional, medical, & public offices BP / RBP: Provides campus-type office professional environments & technology development IL: Provides areas for a diverse range of light industrial uses (research, development, fabrication, etc.) IH: Broadest range of industrial uses that are essential to the d…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
O · Fresno, CAO: Provides sites for administrative, financial, business, professional, medical, & public offices BP / RBP: Provides campus-type office professional environments & technology development IL: Provides areas for a diverse range of light industrial uses (research, development, fabrication, etc.) IH: Broadest range of industrial uses that are essential to the development of a balanced economic base O These images have been provided as examples of comparable product in Fresno, California IH IL BP / RBP * See Development Code for specific limitations
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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