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4481 N Palm Ave - Land and Structure

2,823 SF Health Care Building Offered at $975,000 in Fresno, CA 93704

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Investment Highlights

Heavy Daytime Traffic
County permitting is much more accommodating than City of Fresno

Development Potential
Currently being worked on to obtain conditional use permits for the highest and best use of property.

Executive Summary

Seller has applied for a Conditional Use Permit for an adult day care (Turn around for approval is 3-4 months). This 1.45 acre lot located in the County of Fresno has incredible development potential. The Well church parking lot neighbors the lot to the north, the west side of the lot is a canal with an elementary school on the other side, and to the south there is a five homes - PUD (Planned Unit Development). This lot has potential. The existing home has been completely renovated and is a 3 bed, 3 bath, 2,823 square foot gem surrounded by a cinder block fence with stucco exterior. The property is located on a main thoroughfare and is close to Highway 41 and Highway 99.

Property Facts

Price	$975,000	Lot Size	1.45 AC
Price Per Bed	$195,000	Building Size	2,823 SF
Sale Type	Investment	No. Beds	5
Sale Conditions	Redevelopment Project	No. Stories	1
Property Type	Health Care	Year Built	1953
Property Subtype	Assisted Living Healthcare Rehabilitation Center	Parking Ratio	3.54/1,000 SF
Building Class	C

Price	$975,000
Price Per Bed	$195,000
Sale Type	Investment
Sale Conditions	Redevelopment Project
Property Type	Health Care
Property Subtype	Assisted Living Healthcare Rehabilitation Center
Building Class	C
Lot Size	1.45 AC
Building Size	2,823 SF
No. Beds	5
No. Stories	1
Year Built	1953
Parking Ratio	3.54/1,000 SF