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Executive Summary
South Gateway Drive has long been recognized as one of Madera’s premier professional corridors, conveniently located near the courthouse, city offices, and a well-established tenant base that supports a thriving commercial district. This 3,024-square-foot office building occupies a highly visible and easily accessible location along this sought-after corridor, offering a rare combination of prestige, convenience, and operational flexibility in the increasingly competitive Central Valley office market.
The property was remodeled in 2025 and is currently vacant, making it available for immediate occupancy. It is well suited for an owner-user looking to move in right away or for an investor seeking to lease a clean, updated asset. With 3,024 square feet, the building is ideal for a variety of uses, including professional services, medical administration, legal, financial, and government-related offices. Depending on the layout, the space may also accommodate a small multi-tenant configuration.
Office properties on Gateway Drive rarely come to market, and this offering presents an attractive opportunity at a competitive price point compared with similar office properties in Fresno and throughout the region. Buyers will also benefit from Madera’s lower operating costs, which enhance long-term ownership value.
Its proximity to key civic institutions, along with Madera’s continued population and economic growth, makes this a stable and strategic investment. For those tracking commercial real estate opportunities in the Central Valley, this property represents a straightforward, low-maintenance acquisition in a market that continues to attract interest from both local and out-of-area investors.
The property was remodeled in 2025 and is currently vacant, making it available for immediate occupancy. It is well suited for an owner-user looking to move in right away or for an investor seeking to lease a clean, updated asset. With 3,024 square feet, the building is ideal for a variety of uses, including professional services, medical administration, legal, financial, and government-related offices. Depending on the layout, the space may also accommodate a small multi-tenant configuration.
Office properties on Gateway Drive rarely come to market, and this offering presents an attractive opportunity at a competitive price point compared with similar office properties in Fresno and throughout the region. Buyers will also benefit from Madera’s lower operating costs, which enhance long-term ownership value.
Its proximity to key civic institutions, along with Madera’s continued population and economic growth, makes this a stable and strategic investment. For those tracking commercial real estate opportunities in the Central Valley, this property represents a straightforward, low-maintenance acquisition in a market that continues to attract interest from both local and out-of-area investors.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,254 SF
Building Class
C
Year Built/Renovated
1959/2025
Price
$799,000
Price Per SF
$152.07
Cap Rate
10%
NOI
$79,900
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,254 SF
Building FAR
0.35
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
Office Medical
Parking
20 Spaces (3.81 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 010-163-004 | Improvements Assessment | $272,521 |
| Land Assessment | $127,344 | Total Assessment | $399,865 |
Property Taxes
Parcel Number
010-163-004
Land Assessment
$127,344
Improvements Assessment
$272,521
Total Assessment
$399,865
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324 S Gateway Dr
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