4848 N First St – 6,900 SF Office

Fashion Fair Professional Center is a multi-tenant office property for sale at 4848 North First Street in Fresno, CA. The 6,900 SF building sits directly across from Fashion Fair Mall, pairing an established office address with a visible commercial setting.

Built in 1978, the building occupies 0.62 acres and offers office space arranged across multiple suites. The lease schedule includes several month-to-month tenancies, a suite leased through 2029, and an owner suite with no lease in place. That mix gives an investor distinct paths to manage existing income and plan future leasing, while the owner suite adds a separate question of how best to position space within the property.

Just south of Shaw Avenue, the Property faces Fashion Fair Mall and is surrounded by retailers, restaurants, and service providers. This setting puts everyday services close to the building and gives professional office tenants a recognizable destination for clients. Its position on North First Street, across from the mall, also makes the address straightforward to identify, an advantage for businesses that receive visitors throughout the day.

The asking price is $897,000, or $130 PSF. For a buyer, the appeal lies in the combination of an existing multi-tenant office building, leases with differing expiration profiles, and a location tied to a major commercial landmark. An investor can approach the property through its current tenancy and future leasing decisions; an owner-user can focus on the owner suite and the broader tenant mix. The pricing sets a clear starting point for reviewing those alternatives.

Highlights

• Directly across from the high-traffic Fashion Fair Mall
• Just south of Shaw Avenue
• Outstanding visibility and access
• Approximately 6,900± SF of flexible space well-suited for general use
• Existing short-term leases with value-add potential through lease-up
• repositioning
• or rent optimization
• Surrounded by national retailers
• restaurants
• and service providers
• Strategic optionality for both income and redevelopment

Property details

• Suite 101: 775 SF
• Month-to-Month
• Suite 103: 900 SF
• Month-to-Month
• Suite 104: 1,168 SF
• lease expires 2029
• Suite 105: 500 SF
• Month-to-Month
• Suite 106: 1,353 SF
• Month-to-Month
• Suite 107: 2,152 SF
• Owner Suite (no lease in place)
• Parcel size: 27,007 SF
• Site: Bldg B of multi-building center (4824-4848 N First St)
• Nearby: Fashion Fair Mall
• Shaw Avenue
• State Route 41
• Parcel size (SF): 27,007± SF
• Existing leases: Existing short-term leases
• Nearby business: Directly across from Fashion Fair Mall
• Location relative to Shaw Avenue: Just south of Shaw Avenue