Log In/Sign Up
Your email has been sent.
4844 N 1st St
Fresno, CA 93726
Bldg C · Office Property For Sale
EXECUTIVE SUMMARY
Fortune Associates is pleased to present an exceptional investment opportunity at the Fashion Fair Professional Center—4844 North First Street, Fresno, CA. Strategically positioned just south of Shaw Avenue and directly across from the high-traffic Fashion Fair Mall, this property offers outstanding visibility and access in one of Fresno's most established commercial corridors.
This professional office building encompasses approximately 6,900± square feet of flexible space, well-suited for general office use. With existing short-term leases in place, the asset offers significant value-add potential through lease-up, repositioning, or rent optimization—making it ideal for investors looking to enhance cash flow and long-term appreciation.
Surrounded by national retailers, restaurants, and service providers, the property is anchored in a dense commercial hub with strong tenant demand and excellent surrounding amenities. This is a rare opportunity to acquire a well-located office asset with immediate upside and strategic optionality for both income and redevelopment.
This professional office building encompasses approximately 6,900± square feet of flexible space, well-suited for general office use. With existing short-term leases in place, the asset offers significant value-add potential through lease-up, repositioning, or rent optimization—making it ideal for investors looking to enhance cash flow and long-term appreciation.
Surrounded by national retailers, restaurants, and service providers, the property is anchored in a dense commercial hub with strong tenant demand and excellent surrounding amenities. This is a rare opportunity to acquire a well-located office asset with immediate upside and strategic optionality for both income and redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,900 SF
Building Class
C
Year Built
1978
Price
$897,000
Price Per SF
$130
Cap Rate
7.13%
NOI
$63,972
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,900 SF
Slab To Slab
9’
Building FAR
0.28
Lot Size
0.56 AC
Zoning
R-P
Parking
30 Spaces (8.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 427-370-02 | Improvements Assessment | $545,177 |
| Land Assessment | $113,823 | Total Assessment | $659,000 |
PROPERTY TAXES
Parcel Number
427-370-02
Land Assessment
$113,823
Improvements Assessment
$545,177
Total Assessment
$659,000
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
