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Hwy 41 & Victoria Ln - 16+/- Acres - High Density Residential Land

16.8 Acres of Commercial Land Offered at $3,999,000 in Oakhurst, CA 93644

Investment Highlights

  • Zoned High Density Residential
  • Desirable setting. Great location to add additional townhouses/condos for further lifestyle living
  • Features direct access to Highway 41, is 0.5 miles to Oakhurst's central business district.
  • Nearby restaurants, shopping, healthcare and more!

Executive Summary

16 +/- Acres High Density Residential Land For Sale in Prime Location! The property features direct access to Highway 41, and is just 0.5 miles to Oakhurst's central business district.
The original approvals for Elderberry Heights was for a Senior Community. Phase 1 was approved as a Assisted Living/Memory Care Facility consisting of 61 units and 71 beds. Working drawings and structural drawings are 80% complete. The Civil Engineering (Site) is also 80% complete. Two Senior Apartments were approved for units and 17 units. All approvals are expired and will require approximately 3 months to renew. The latest design for a 75 unit residential community needs to be finalized and has clearance to receive a neg dec for environmental clearance. The design is based on the road layout for our submittal for the Senior Community and therefore the Civil work is substantially completed. Approvals will require approximately 5 months and site work (since site engineering is substantially completed per previous plans) can proceed in approximately 7 months.
The property is fronted by Hwy 41, Victoria Lane, North Slope and Foothill Drive. There are no sidewalk, curbs and gutter.
Within the proposed subdivision there are no streets and there will be no sidewalk, curbs and gutters.
There is electricity and communication with high speed internet at the site.
Tank farm (propane) nearby with pipeline to the site.
Well serves for water. Well on the site that feeds into the water district’s system.
Private sewer main on the property (installed by the previous owner). After laterals
are in, will be dedicated to the sewer district.
Just a short drive from Yosemite, Bass Lake, or Fresno, and with nearby restaurants, shopping, healthcare and more! This is a highly desirable community just minutes away from both Yosemite and Bass Lake. The property is less than 40 miles from Fresno, CA with a metropolitan market of over 940,000 residents. Driven by the desirability of the region, Oakhurst has emerged as a premiere destination for retirement age seniors. The subject property is located within a 20-minute drive to the famed resort area of Bass Lake and within a 10-minute drive to the Chukchansi Casino and Resort. Residents from both Northern and Southern California often come here to explore, especially the Yosemite area. Proximity to the regional downtown shopping centers, dining, hospitals, Elderberry House Restaurant, Church and Chateau Resort provides a perfect recipe for the subject use.

Property Facts

Price $3,999,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Senior
  • Single Family Development
Total Lot Size 16.80 AC

1 Lot Available

Lot

Price $3,999,000
Price Per AC $238,036
Lot Size 16.80 AC

16 +/- Acres High Density Residential Land For Sale in prime location!

Description

16 +/- Acres High Density Residential Land For Sale in Prime Location! The property features direct access to Highway 41, and is just 0.5 miles to Oakhurst's central business district. The original approvals for Elderberry Heights was for a Senior Community. Phase 1 was approved as a Assisted Living/Memory Care Facility consisting of 61 units and 71 beds. Working drawings and structural drawings are 80% complete. The Civil Engineering (Site) is also 80% complete. Two Senior Apartments were approved for units and 17 units. All approvals are expired and will require approximately 3 months to renew. The latest design for a 75 unit residential community needs to be finalized and has clearance to receive a neg dec for environmental clearance. The design is based on the road layout for our submittal for the Senior Community and therefore the Civil work is substantially completed. Approvals will require approximately 5 months and site work (since site engineering is substantially completed per previous plans) can proceed in approximately 7 months. The property is fronted by Hwy 41, Victoria Lane, North Slope and Foothill Drive. There are no sidewalk, curbs and gutter. Within the proposed subdivision there are no streets and there will be no sidewalk, curbs and gutters. There is electricity and communication with high speed internet at the site. Tank farm (propane) nearby with pipeline to the site. Well serves for water. Well on the site that feeds into the water district’s system. Private sewer main on the property (installed by the previous owner). After laterals are in, will be dedicated to the sewer district. Just a short drive from Yosemite, Bass Lake, or Fresno, and with nearby restaurants, shopping, healthcare and more! This is a highly desirable community just minutes away from both Yosemite and Bass Lake. The property is less than 40 miles from Fresno, CA with a metropolitan market of over 940,000 residents. Driven by the desirability of the region, Oakhurst has emerged as a premiere destination for retirement age seniors. The subject property is located within a 20-minute drive to the famed resort area of Bass Lake and within a 10-minute drive to the Chukchansi Casino and Resort. Residents from both Northern and Southern California often come here to explore, especially the Yosemite area. Proximity to the regional downtown shopping centers, dining, hospitals, Elderberry House Restaurant, Church and Chateau Resort provides a perfect recipe for the subject use.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 064-080-087
  • 064-080-073
Land Assessment
$639,114
Improvements Assessment
$0
Total Assessment
$639,114

zoning

Zoning Code PDD - Planned Development (Zoned High Density Residential)
PDD - Planned Development (Zoned High Density Residential)
  • Listing ID: 31623424

  • Date on Market: 4/26/2024

  • Last Updated:

  • Address: Hwy 41 & Victoria Ln, Oakhurst, CA 93644

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