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Fresno Neighborhood Retail Center 2621 S Chestnut Ave 13,000 SF 13% Leased Retail Building Fresno, CA 93725 $6,500,000 ($500/SF)
Investment Highlights
- Positioned in a dense residential trade area with strong daily-needs demand
- Retail corridor supported by consistent traffic volumes exceeding 15,000+ VPD
- Strong commuter accessibility with nearby regional corridors
- Dual frontage: ±332’ on Jensen Ave & ±232’ on S. Chestnut Ave
Executive Summary
2621 S. Chestnut Avenue represents a stabilized neighborhood retail strip center located in the Southeast Fresno submarket. The property consists of approximately 13,000 square feet of general retail space situated on a 1.62-acre parcel, offering strong frontage along both S. Chestnut Avenue and E. Jensen Avenue. Adjacent land ±4.89 acres offer meaningful development upside for additional pads or expansion.
Constructed in 2008, the asset is designed for single-tenant occupancy and currently features an established tenant, providing consistent foot traffic and daily-use retail demand. Its positioning at a signalized intersection enhances visibility and accessibility, making it a well-located asset within a dense residential trade area.
Constructed in 2008, the asset is designed for single-tenant occupancy and currently features an established tenant, providing consistent foot traffic and daily-use retail demand. Its positioning at a signalized intersection enhances visibility and accessibility, making it a well-located asset within a dense residential trade area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
B
Year Built
2008
Price
$6,500,000
Price Per SF
$500
Percent Leased
13%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.62 AC
Opportunity Zone
Yes
Zoning
IL - Light Industrial - previously zoned C-M
Parking
95 Spaces (7.31 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 481-140-26 | Improvements Assessment | $792,016 |
| Land Assessment | $669,309 | Total Assessment | $1,461,325 |
Property Taxes
Parcel Number
481-140-26
Land Assessment
$669,309
Improvements Assessment
$792,016
Total Assessment
$1,461,325
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Fresno Neighborhood Retail Center | 2621 S Chestnut Ave
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