Address
158 S Peach Ave Fresno, CA
Price
$ 2,880,000
Property Attributes
  • MLS#AR21099926
  • TypeLand
  • CountyFRESNO
  • CityFresno
  • AreaFresno
  • Zip93727
  • Style
  • Price$ 2,880,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4.3 Acres
Listing Provided Courtesy Of:
Betty Wang with Pinnacle Real Estate Group.
Data Source:
CRMLS
Property Description

Attention Developers and Investors! A rare APPROVED high density apartment development opportunity in Southeast Fresno within qualified OPPORTUNITY ZONE! Prime location with walking distance to Schools, Walmart, parks and popular dining and shopping on Kings Canyon Road. This is an 4.3 Acre land with ENTITLEMENT permitted for an 130-Units apartment building complex. Seller spent over 1 year on planning, designing, revision, attending public hearings, getting annexation etc. Finally this 4.3-Acre land is entitled by the City. Subject land includes 4 parcels 463-090-11/28/57/59 and currently has the Street number 144, 158 and 174 S Peach Ave. The city of Fresno has issued entitlement for this 130 units apartment complex project which includes five 3-story building (1 Bedroom-47 units, 2 Bedroom-71 units and 3 Bedroom-12 units, surface carport parking). The subject Project is conveniently located at Fresno Area Express (FAX) Public transportation system: There are 3 bus lines are within walking distance from the Project. Two of which have stations right in front of and cross street of the Project. The project is 10 mins drive from Amazon and Ulta Beauty distribution center which came to town just 3 years ago. With low cost of living, California weather, central CA location, ready job force, sufficient education resources, Fresno is where companies want to move to. Fresno continuously having high population growth and insufficient supply of workforce housing. This project is what the City needs! The seller will be responsible for all the architectural, engineering, and structural permits associated to get the final permits at the close of escrow. The property will be SHOVEL READY. Entitlement documentation and project proforma is available upon request.

Price History
5/11/2021 Listed $2,880,000

General Features

Additional Parcels Description 46309011, 46309028, 46309057
Community Features Sidewalks
Electric Standard
Listing Agent Betty Wang - BRE#01946131
Listing Agent State License 01946131
MLS Area FSNO - Fresno
Property Type Land
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan
View None
Zoning RA

Exterior Features

Lot Features 31-35 Units/Acre
Lot Size Acres 4.3
Lot Size Area 4.3
Lot Size Source Assessor
Lot Size Square Feet 187308
Lot Size Units Acres
Road Frontage Type City Street
Road Surface Type Alley Paved
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 93727

Price
AVG $2.88M
$2.88M
Visits
AVG 18
17
Walkscore
AVG 47
47
Data Provided by Walkscore ® not using MLS data

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