Prime Clovis Shopping Center - Major Upside 424-460 W Shaw Ave 77,299 SF 98% Leased Retail Building Clovis, CA 93612 For Sale

The Ovaness-Rostamian Group is pleased to offer Shaw Village, a stabilized neighborhood shopping center located in the high-growth city of Clovis, California, just north of Fresno. The center is anchored by dd’s Discounts (Ross Dress for Less), Bank of America (ATM Drive Thru), Rent A Center and features a brand-new Habit Burger & Grill drive-thru on a 20 Year ground-leased outparcel, alongside a strong mix of daily-needs retailers.
Ideally positioned at the signalized intersection of Shaw Ave. and Peach Ave. (46,607 VPD) and just off CA State Route 168 (96,152 VPD), Shaw Avenue is one of the primary east-west arterial streets serving the Fresno-Clovis Metropolitan area. Shaw Village offers excellent visibility and access within a dominant retail corridor.
The property includes ±77,299 SF of GLA on ±7.59 acres and is priced well below replacement cost. Two legal parcels offer future flexibility, including the potential to sell off the outparcel to reduce investment basis. Also, the former Big Lots space has short term occupancy allowing investors to realize substantial future upside by backfilling space with national tenants such as grocery or gym uses.
Located near Sierra Vista Mall, California State University, Fresno (24,000+ students), and Fresno Yosemite International Airport, the site is surrounded by national retailers such as Walmart, Home Depot, Costco, Target, Starbucks, and Raising Cane’s, generating consistent foot traffic. The trade area includes over 367,000 residents within a 5-mile radius, with average household income of $100,244, offering a rare opportunity to acquire a high-performing center in one of Central California’s most active markets.