255 N Clovis Ave - 106 Units + Commercial Bldg: Seller Financing 4.99 Acres of Residential Land Offered at $2,178,000 in Fresno, CA 93727

INVESTMENT HIGHLIGHTS

  • Site's Plan (Housing) synchronize perfect with across-the-street Fancher Creek Development (Target, Sprouts, PetSmart, School etc etc)
  • Less than 10-minute drive, mostly a highway-drive, to Fresno State University
  • ***SELLER FINANCING AVAILABLE***
  • Property located exactly half-mile from Highway 180
  • Less than 10-minute drive, mostly a highway-drive, to Fresno Community Hospital

EXECUTIVE SUMMARY

Current Appraised Value: $2,178,000.00 and that is what we are setting the sale price as. We will provide you a copy of the appraisal if requested by potential buyer(s).
Project's Current Status:
(A) 3-Story 108 Apartment units approved along with a commercial building in the front.
(B) Construction plans have been submitted to City of Fresno and ready for reviewal. Will take buyer(s) 90-120 days to acquire permits and get the site construction ready.
***SELLER FINANCING AVAILABLE***

PROPERTY FACTS

Price $2,178,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Apartment Units
Total Lot Size 4.99 AC

1 LOT AVAILABLE

Lot

Price $2,178,000
Price Per AC $436,499.19
Lot Size 4.99 AC

5 Acres of high-density residential zoning right across from Fancher Creek Development Site. 3-Story 108 Apartment units approved along with a commercial building in the front. Construction plans submitted to City of Fresno.

DESCRIPTION

Site is 5 acres with approved 108 apartments and a commercial building in the front. Property is located exactly half-mile from HWY 180. Construction Plans Submitted To City of Fresno & Ready to Review by the City. Will take buyer(s) 90-120 days to get the site ready for construction. ***SELLER FINANCING AVAILABLE***

ZONING

Zoning Code R-2 (High-Density Residential Zoning)
  • Listing ID: 34199234

  • Date on Market: 12/14/2024

  • Last Updated:

  • Address: 255 N Clovis Ave, Fresno, CA 93727