Retail Space
1230 West Shields Avenue Fresno, CA 93705
Details & Description
Price: $862,500
    Multi-Tenant Investment Opportunity: Shields & West corner retail shops of ±8,310 SF on ±0.475 AC. Offers 2 freestanding buildings w/ easy-to-rent units leased to long-term tenants. #1208-1228 has (5) retail spaces totaling ±6,000 SF and #1230 is a single tenant space totaling ±2,310 SF. Property sits in dense Central Fresno, and its close proximity to major highway access is easily accessible to motorists. Value-add deal w/ actual rents of $79,206.60/year collected plus upside potential. After leasing (1) vacancy, addressing the under-market rent of the (3) MTM tenants & extending lease length, the realistic 6-12 month stabilized gross annual income is $98,730 (19.7% upside). Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers a 14.03% cash-on-cash return when leveraged w/ 30% down, producing a 1.55 DCR!The value-add opportunity consists of leasing the (1) vacancy (1,442 SF), increasing the rent of 1212 ($1.10/SF), #1228 ($1.15/SF), and #1230 ($0.95/SF), then extending leases over the next 6-12 months. In addition, charging the customary "pass-through" expenses of Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger. #1208 vacancy is a end-cap former Bridal/Tux rental store with a wide open front retail area, rear large offices plus a private restroom ready to move-in.Multiple configurations ranging from 782 SF up to 2,310 SF with the ability to combine spaces to create larger units. Clean spaces with fresh paint, newer flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Operational HVAC's, sealed roof, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps. Many front parking spaces available, and excellent existing signage.
    Listing Agents
    Jared Ennis

    O: 559-705-1000
    M: 559-705-1000
    jared@centralcacommercial.com
    Kevin Land
    KW Commercial
    O: 559-705-1000
    M: 559-359-4035
    kevin@centralcacommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1230 West Shields Avenue

    Fresno, CA 93705

    Listing ID: 266864
    • 1230 West Shields Avenue Fresno, CA 93705 | for Sale | Photo 1
    • 1230 West Shields Avenue Fresno, CA 93705 | for Sale | Photo 2
    • 1230 West Shields Avenue Fresno, CA 93705 | for Sale | Photo 3
    1230 West Shields Avenue | for Sale | Thumbnail 1
    1230 West Shields Avenue | for Sale | Thumbnail 2
    1230 West Shields Avenue | for Sale | Thumbnail 3
    Building Size: 8,310 SF
    Lot Size: 0.475 AC
    Land Size: 20,691 SF
    Building $/SF: $103.79
    Land $/SF: $41.68
    Price
    $862,500
    Description

    Multi-Tenant Investment Opportunity: Shields & West corner retail shops of ±8,310 SF on ±0.475 AC. Offers 2 freestanding buildings w/ easy-to-rent units leased to long-term tenants. #1208-1228 has (5) retail spaces totaling ±6,000 SF and #1230 is a single tenant space totaling ±2,310 SF. Property sits in dense Central Fresno, and its close proximity to major highway access is easily accessible to motorists. Value-add deal w/ actual rents of $79,206.60/year collected plus upside potential. After leasing (1) vacancy, addressing the under-market rent of the (3) MTM tenants & extending lease length, the realistic 6-12 month stabilized gross annual income is $98,730 (19.7% upside). Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers a 14.03% cash-on-cash return when leveraged w/ 30% down, producing a 1.55 DCR!

    The value-add opportunity consists of leasing the (1) vacancy (1,442 SF), increasing the rent of 1212 ($1.10/SF), #1228 ($1.15/SF), and #1230 ($0.95/SF), then extending leases over the next 6-12 months. In addition, charging the customary "pass-through" expenses of Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger. #1208 vacancy is a end-cap former Bridal/Tux rental store with a wide open front retail area, rear large offices plus a private restroom ready to move-in.

    Multiple configurations ranging from 782 SF up to 2,310 SF with the ability to combine spaces to create larger units. Clean spaces with fresh paint, newer flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Operational HVAC's, sealed roof, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps. Many front parking spaces available, and excellent existing signage.

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    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Fresno History of Retail Space for Sale

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    Fresno Area Market Trends

    Listing Demographics for 1230 West Shields Avenue Fresno, CA 93705

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population26,270143,712347,954
    Population Median Age343434
    Population by Age0-9 Yrs4376 (16%)23155 (16%)54877 (15%)
    10-19 Yrs3932 (14%)20838 (14%)51045 (14%)
    20-29 Yrs4440 (16%)23986 (16%)59905 (17%)
    30-39 Yrs3389 (12%)20200 (14%)49705 (14%)
    40-49 Yrs3263 (12%)15767 (10%)38256 (10%)
    50-59 Yrs3114 (11%)16194 (11%)36662 (10%)
    60-69 Yrs2012 (7%)12366 (8%)29742 (8%)
    70+ Yrs1745 (6%)11206 (7%)27762 (7%)
    Median HH Income$39,440$43,903$45,000
    Total Household Income< 24K3123 (36%)14152 (29%)33560 (29%)
    25-49K2221 (25%)12454 (25%)27960 (24%)
    50-74K1401 (16%)8439 (17%)20352 (17%)
    75-99K954 (11%)5657 (11%)12490 (10%)
    100-199K710 (8%)6178 (12%)15792 (13%)
    200K+150 (1%)1319 (2%)3411 (3%)
    Highest Education LevelNo Diploma38992067950308
    Diploma or GED46372160751549
    Some College42412277153262
    Assoc. Degree1190793619270
    Bachelors Degree15381080626417
    Higher Degree570546313134
    Total Housing Units9,08151,658121,630
    --Owner-Occupied3,20121,51750,560
    --Renter-Occupied5,35826,68263,005
    Owner-Occupied Values< 100K35024154865
    100-199K1763796416847
    200-299K842649216736
    300-399K8622146092
    400-499K6712942786
    500K+9411383234
    Total Working Age Population19,057106,361261,161
    In Work Force11,32465,908157,999
    Not In Work Force7,73240,453103,162
    Workforce Employed9,93758,394141,433
    Workforce Unemployed1,3887,48716,406
    Civlian Workforce11,32465,881157,838
    Military Workforce026160
    Total Households8,55948,198113,565
    Family Households6,06431,43475,627
    Non-Family Households2,49516,76437,938
    Married Couple2,70316,70841,639
    Other Family3,36014,72633,987
    Married w/Child1,2177,18017,931
    Single Male w/Child4342,1515,225
    Single Female w/Child1,4336,50113,838

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Fresno County799,407+16930,450+111,032,052+111,142,991
    Madera County123,109+23150,865+8162,293+14185,579

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1230 West Shields Avenue in Fresno?
    The asking price for 1230 West Shields Avenue is $862,500
    What is the building size of this Retail property in Fresno, CA?
    The size of the building/unit at 1230 West Shields Avenue in Fresno is 8,310 square feet
    How much land does the Fresno, CA property at 1230 West Shields Avenue include?
    1230 West Shields Avenue in Fresno includes 0.475 acres of land
    What kind of Retail is the propery at 1230 West Shields Avenue?
    The property at 1230 West Shields Avenue Fresno, CA 93705 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 1230 West Shields Avenue in Fresno?
    The population within 1 mile of 1230 West Shields Avenue Fresno, CA 93705 is 26,270 people.
    Who do I contact for questions about 1230 West Shields Avenue?
    You should contact the listing agent, Jared Ennis, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    1325 West Shields Avenue, Fresno, CA $7,950,000 14093 1.56
    1344 West Clinton Avenue, Fresno, CA $2,000,000 13410 1.02
    325 East Shields Avenue, Fresno, CA $635,000 8332 0.37
    325 East Shields Avenue, Fresno, CA $635,000 8332 0.37
    315 East Shields Avenue, Fresno, CA $345,000 4500 0.12
    315 East Shields Avenue, Fresno, CA CALL 4500 0.12
    2971 North Maroa Avenue, Fresno, CA $675,000 8219 0.66
    2984 North Maroa Avenue, Fresno, CA $575,000 6903 0.42
    2814 North Maroa Avenue, Fresno, CA $979,500 7769 0.93
    3752 West Shields Avenue, Fresno, CA $1,525,000 7000 0.54

    Closest Commercial Airports

    Airport Distance (mi)
    Norman Y. Mineta San Jose International Airport (SJC) 123
    Metropolitan Oakland International Airport (OAK) 147
    San Francisco International Airport (SFO) 152