4224 E Shields Ave Fresno, CA 93722
- Retail space
- 17,226 SF
- 1.48 lot acres
Current Use by Public Records
- CDReload - Online Bitcoin ATM / Crypto Atm / Atm
- Jollibee (Coming Soon) / Fast Food Restaurant
- Rite Aid / Greeting Card Shop / Drug Store
- Rite Aid Pharmacy / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 4224 E Shields Ave
- Year built
- 2007
- Construction
- WOOD
- Lot size
- 1.48 lot acres
- Property size
- 17,226 SF
- Zone code
- CC
- Property type
- Retail space
- APN
- 447-031-72
- APU
- 44703172
Description
This exceptional retail opportunity presents a 17,226 square-foot former Rite Aid pharmacy located at 4224 E. Shields Avenue in Fresno, California, 93726. The property boasts a single-tenant configuration, ideal for a variety of retail uses. Its strategic location at the intersection of Cedar and Shields Avenues offers unparalleled visibility and accessibility, with a combined daily traffic count exceeding 76,990 vehicles. Furthermore, its proximity to Freeway 168, less than a quarter-mile away, provides convenient access to a substantial daily traffic volume of approximately 93,513 vehicles via on and off ramps located directly on Shields Avenue. This high-traffic location ensures significant exposure to potential customers. The property is situated in Fresno County and offers a substantial footprint for a business seeking a prominent presence in a busy commercial area. The building's previous use as a pharmacy suggests existing infrastructure suitable for retail operations. This prime retail space presents a unique opportunity for businesses seeking high visibility and convenient access in a densely populated area of Fresno. The property is ready for immediate occupancy and offers significant potential for growth and success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,780,000
- 6.5%
- $6,280,000
- 7%
- $6,305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,040,000
- Geo Method
- $4,910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,285,000
- Retail
- $6,220,000
- Mixed-Use
- $6,705,000
- Hospitality
- $4,915,000
- Educational
- $6,205,000
- Residential Income
- $6,210,000
- Energy
- $6,260,000
- Income-Based Land
- $6,745,000
- Food Service
- $6,565,000
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.753
- Latitude
- 36.7792
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
