5045 E Butler Ave | Fresno, CA 93727
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5045 E Butler Ave
Fresno, CA 93727
Office Property For Sale
Investment Highlights
- Ability to accommodate multiple uses from office to residential development.
- Potential local, state and federal hiring and development incentives.
- City of Fresno support through an expedited entitlement process.
- Close proximity to Freeway 168 on/off ramps, providing easy access to all major traffic thoroughfares.
- Unique Campus Setting.
- Flat topography ideal for single and multifamily development. (Ample land and parking.)
Executive Summary
5045 E Butler is the largest, single-story office opportunity in Fresno. The project also offers the potential for single and multifamily residential development. The building is 531,976 square feet on ±48.69 acres and boasts a 5/1,000 parking ratio with convenient access to downtown Fresno and the surrounding community. This rare, campus-style asset is one of the few, large blocks of quality office space in this market.
The City of Fresno has created a high-density residential housing plan for the Property and has communicated that entitlements would be expedited to help facilitate the process. Significant developer incentives may be available with the city. Any use will need to be approved by the City of Fresno due to the current zoning.
The City of Fresno has created a high-density residential housing plan for the Property and has communicated that entitlements would be expedited to help facilitate the process. Significant developer incentives may be available with the city. Any use will need to be approved by the City of Fresno due to the current zoning.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Office
Building Size
531,976 SF
Building Class
B
Year Built
1971
Tenancy
Single
Number of Floors
1
Typical Floor Size
531,976 SF
Building FAR
0.25
Lot Size
48.69 AC
Opportunity Zone
Yes
Zoning
PI (Public Institutional) - PI Public and Institutional. Zoning district was based on the existing use but City has indicated they are open to rezoning to alternate uses.
Parking
2,641 Spaces (4.96 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Route
- Controlled Access
- Raised Floor
- Restaurant
- Security System
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 472-021-30 | Improvements Assessment | £0 |
| Land Assessment | £4,867,960 | Total Assessment | £4,867,960 |
PROPERTY TAXES
Parcel Number
472-021-30
Land Assessment
£4,867,960
Improvements Assessment
£0
Total Assessment
£4,867,960
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