The TW Patterson Building — Sale in Fresno, CA

  • Price: $8.1M
  • Listing type: For sale
  • Asset type: Business
  • Location: Fresno, CA 93721

Description

Historical Designated Investment Opportunity - Downtown Fresno, California CBRE, Inc. is pleased to present the TW Patterson Building, a historical designated and highly recognizable office asset located in the heart of Downtown Fresno. This 97,354 square foot, eight‑story landmark features ground‑floor retail and benefits from its inclusion as a candidate for the Mills Act, which may significantly reduce property taxes and support long‑term capital investment. The Building is currently 67% leased, providing an investor with in‑place income and meaningful upside through lease‑up of the remaining 40% below market rate space. An owner‑user may also take advantage of available vacancy to occupy a portion of the building while off-setting occupancy costs through rental income from existing tenants and the inherent tax benefits of owning. The TW Patterson Building represents a compelling opportunity to acquire a well‑located, architecturally significant asset with both immediate and long‑term value‑enhancement potential. Its historic character, central location, and path to tax benefits under the Mills Act, make it one of Fresno’s most recognizable and strategically positioned offerings.

Market Context

This commercial property in Fresno, CA is listed for sale at $8,100,000. It has been on the market for 113 days. Compare it against other commercial property listings for sale in Fresno, CA — view the full market.

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