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6785 W Barstow Ave - ±21.485 Acres of a Larger ±38.33 Acres

21.49 Acres of Commercial Land Offered at $10,000,000 in Fresno, CA 93723

Investment Highlights

  • ±21.49 Acres of a Larger ±38.33 Acre Development
  • Located in Line With The Future Veterans Blvd Extension
  • Prime Land w/ Herndon, Barstow, &Shaw Ave Access
  • High Identity Location | Shovel Read
  • Prime Land w/ Herndon, Barstow, & Shaw Ave Access
  • Potential For Parcels To Be Divided

Executive Summary

±21.49 Acres of a Larger ±38.33 Acre Development
High Identity Location | Shovel Ready
Located in Line With The Future Veterans Blvd Extension
Prime Land w/ Herndon, Barstow, &Shaw Ave Access
Potential For Parcels To Be Divided
Unmatched Level of Consumer Traffic & High Volume Exposure
Situated Near Many Existing & Planned Developments
North & South Bound Traffic Generators Near Highway 99
Ideal for Multifamily Residential
Potential For Parcels To Be Divided
Easy Access to Upgraded HWY 99 Off/On Ramps
Optimal Visibility w/ ±258,607 Cars Per Day
Situated Near Many Existing & Planned Developments
Close to Transit and Public Transportation
Ideal for Fast Food, Fuel Station, Hotel, Super Market, & More!

Property Facts

Price $10,000,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 21.49 AC

1 Lot Available

Lot

Price $10,000,000
Price Per AC $465,332.71
Lot Size 21.49 AC

Description

Eastern ±21.49 commercial ares of a larger ±38.33 acre mixed-use development (adjacent to planned Multifamily). Prime N Veterans Blvd location locaterd as the FIRST commercial-zoned parcel west of the new overpass. Development land located near significant residential development, the future Veterans Blvd. Freeway overpass and a 390,000± SF recently opened Target-anchored power center., Highly visible corner location with easy nearby Highway Exit and Entrance with long frontage along Barstow Ave (road cuts between the property). Caltrans and the City of Fresno made a significant investment in new road infrastructure in the area and has been supportive of a variety of mixed use commercial developments in the proximity. Quick access to CA-99, which allows for convenient access to all the major Cities in the area absorbing from Fresno, Clovis, Madera, Friant, Fowler, Kerman, and more. The zoning is flexible and allows for a variety of commercial uses. Strategically positioned at the full interchange with both north and south bound loop on and off-ramps, which carry approximately ±258,607 cars per day in the area; CA-99: ±77,496 northbound and ±81,847 westbound; Herndon Ave: ±19,720 westbound and ±15,694 eastbound; Shaw Ave: ±32,732 westbound and ±31,118 eastbound. Existing ramps dispense traffic near the subject property. All wet & dry utilities at site. The Veterans Boulevard Interchange and Corridor Improvement Project (Veterans) will result in the construction of a six-lane arterial roadway in northwest Fresno, a freeway interchange at SR-99, grade separations over the Union Pacific Railroad, High Speed Rail line and Golden State Boulevard, a pedestrian trail, innovative traffic synchronization technologies and improvements to roadways surrounding the interchange. It’s only about four-tenths of a mile, but city leaders consider a newly opened extension of West Bullard Avenue a key milestone for its much grander – and long-planned – Veterans Boulevard Project in northwest Fresno. It represents the first completed phase of what will ultimately be a 2.5-mile, $138 million connection from Herndon and Polk avenues, east of Highway 99, to Shaw and Grantland avenues west of the freeway. It will include an overpass to take automobile traffic up and over the existing Union Pacific Railroad tracks and future high-speed rail tracks as well as a new interchange on Highway 99 about a mile south of the current Herndon Avenue interchange. Scott Mozier, Fresno’s public works director, said he expects the entire effort to be fully completed from Herndon to Shaw avenues by mid- to late 2020 – almost 40 years after the project was initially included in the city’s transportation plans. The full interchange Highway 99 overpass, a natural resting spot for travelers and commuters to and from some of the California destinations such as Yosemite National Park, San Francisco, Sacramento, Santa Cruz, Monterey, Pismo Beach, Santa Barbara & Los Angeles. Excellent retail strip center, big-box site, fast food, fuel station, hotel, super market shopping center, lodging, restaurant, freeway-oriented hotel, Vehicle Sales. Parcels offered for sale, ground lease, lease w/ option, seller-carry, etc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
505-060-08
Land Assessment
$832,710
Improvements Assessment
$0
Total Assessment
$832,710

zoning

Zoning Code CMX+RM-1/ UGM (Corridor/Center Mixed Use)
CMX+RM-1/ UGM (Corridor/Center Mixed Use)
  • Listing ID: 17641217

  • Date on Market: 11/5/2019

  • Last Updated:

  • Address: 6785 W Barstow Ave, Fresno, CA 93723

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