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Bldg B 4848 N 1st St 6,900 SF 92% Leased Office Building Fresno, CA 93726 $897,000 ($130/SF)



EXECUTIVE SUMMARY
Fortune Associates is pleased to present an exceptional opportunity at the Fashion Fair Professional Center—4848 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 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 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
Property Type
Office
Building Size
6,900 SF
Building Class
C
Year Built
1978
Price
$897,000
Price Per SF
$130
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,900 SF
Slab To Slab
8’
Building FAR
0.03
Lot Size
5.92 AC
Zoning
R-P
Parking
30 Spaces (4.35 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 101
- 775 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 775 SF | Office | - | Now |
1st Fl-Ste 101
| Size |
| 775 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 427-370-01 | Improvements Assessment | $537,262 |
| Land Assessment | $125,557 | Total Assessment | $662,819 |
PROPERTY TAXES
Parcel Number
427-370-01
Land Assessment
$125,557
Improvements Assessment
$537,262
Total Assessment
$662,819
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Bldg B | 4848 N 1st St
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