Description

We are pleased to present 4848 North First Street, a professional office building in the Fashion Fair Professional Center in Fresno. The property is positioned just south of Shaw Avenue and directly across from Fashion Fair Mall, offering outstanding visibility and access in one of Fresno's most established commercial corridors. The asking price is $897,000, or $130 per square foot.

The building contains approximately 6,900 rentable square feet on a 27,007± square foot parcel. It was built in 1978 and is zoned O (Office) by the City of Fresno. The space is divided into multiple suites that suit a wide range of general office and professional users.

The current rent roll includes Suites 101, 103, 105 and 106 on month-to-month terms and Suite 104, about 1,168 square feet, leased through 2029. Suite 107 is a 2,152-square-foot owner suite with no lease in place, which makes the building a natural fit for an owner-user who wants to occupy part of the space while collecting rent from the rest. Investors will find clear value-add potential through lease-up, repositioning and rent optimization of the short-term tenancies.

The property is surrounded by national retailers, restaurants and service providers, creating a dense commercial hub with strong tenant demand and excellent nearby amenities. We believe this is a rare opportunity to acquire a well-located office asset with immediate upside and flexibility for both income and long-term growth in central Fresno.