For Lease
Property summary
This exceptional Fresno, California property, located at 5045 E Butler Ave, offers a substantial 531,976 square feet of single-tenant flex space. Situated on a generous 48.69-acre lot, this one-story building boasts 2,641 parking spaces, providing a convenient 5/1,000 parking ratio. Built in 1971, the property is zoned PI (Public and Institutional) and features five interconnected buildings, easily adaptable for multiple users. The expansive space primarily consists of open-office areas, ideal for various business needs. The campus-style setting includes attractive amenities such as a fully equipped kitchen with cafeteria seating, shaded outdoor courtyards, multiple gathering areas, a secure backup power supply, and significant energy upgrades. The gated campus offers a favorable coverage ratio of approximately 25%. Its prime location provides convenient access to downtown Fresno and the surrounding community, making it a rare and highly desirable large-block office space opportunity in this market. The property's APN is 472-021-030. The entire 531,976 square feet is currently vacant.
Property profile
VerifiedCap rate & NOI
Current use
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Advocacy Group
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Hotel & Motel Bed & Breakfast
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Physician
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Government Office Tax Preparation Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
mmercial Regional CG - Commercial General CH - Commercial Highway and Auto CRC - Commercial Recreation O - Office BP - Business Park IL - Light Industrial IH - Heavy Industrial OS - Open Space PR - Park and Recreation PI…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PI · Fresno, CAmmercial Regional CG - Commercial General CH - Commercial Highway and Auto CRC - Commercial Recreation O - Office BP - Business Park IL - Light Industrial IH - Heavy Industrial OS - Open Space PR - Park and Recreation PI…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
mmercial Regional CG - Commercial General CH - Commercial Highway and Auto CRC - Commercial Recreation O - Office BP - Business Park IL - Light Industrial IH - Heavy Industrial OS - Open Space PR - Park and Recreation PI…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PI in Fresno, CA.
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