5640 Fresno St Fresno, CA 93710
- Medical offices
- 6,816 SF
- 0.54 lot acres
Current Use by Public Records
- David R Taylor Inc / Medical Clinic / Skin Care Clinic
- Clifford R Feldman Md / Physician
- Wisdom Teeth Away / Dental Office
- Dr. Ramon Torres / Dental Office
Property Details for 5640 Fresno St
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 0.54 lot acres
- Property size
- 6,816 SF
- Zone code
- O
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 418-371-13
- APU
- 41837113
Description
This exceptional investment opportunity presents 10,360 square feet of vacant medical office space within the prestigious Fresno Browning Office Park. The property comprises six single-story buildings situated conveniently south of Bullard Avenue on North Fresno Street, offering unparalleled access to Highway 41. This prime location provides effortless connectivity to a wealth of amenities, including extensive shopping, banking facilities, diverse dining options, and comfortable lodging accommodations. The available space is highly divisible, with minimum leasable units of 1,073 square feet and a maximum contiguous space of 5,140 square feet, catering to a range of tenant needs. The building boasts a total of 10,117 square feet, offering flexibility for expansion or consolidation. Ample parking is provided, with a generous ratio of 4.3 spaces per 1,000 square feet, ensuring convenient parking for staff and patients. The property is located in Fresno County and presents a unique chance to acquire a well-situated medical office complex in a thriving area. The flexible space options make this an ideal location for a variety of medical practices seeking a modern and accessible workspace. The strategic location and ample parking make this property a highly desirable asset. This is a rare opportunity to secure a significant footprint in a well-established and convenient location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,490,000
- ML approach
- $1,490,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,545,000
- 6.5%
- $1,425,000
- 7%
- $1,325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,441,000
Market price range: $962k - $2.90M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,590,000 Current use
- COMMERCIAL (GENERAL)
- $2,370,000 Change: +49% Conversion: Easy
- RESTAURANT
- $1,605,000 Change: +1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.781
- Latitude
- 36.8203
- CBSA code
- 23420
- CBSA name
- FRESNO, CA METROPOLITAN STATISTICAL AREA
