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10861 Reed Ave - Reed Ave Development Land 3.73 Acres of Residential Land Offered at $625,000 in Reedley, CA 93654

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INVESTMENT HIGHLIGHTS

Potential Development Land

EXECUTIVE SUMMARY

Prime Investment Property -- 3.73+/- acres on South Reed Ave. Property is located near the Kings River. Property is in sphere of influence of the City of Reedley. It is pre-zoned for multi-family development. Currently the property includes a duplex in OK condition and an older house in very poor condition. City water and sewer is across the street at Palm Village. Buyer to verify the zoning and development guidelines. Please do not disturb the tenants.

PROPERTY FACTS Under Contract

Price	$625,000	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Multifamily
Sale Conditions	1031 Exchange Deferred Maintenance Redevelopment Project	Total Lot Size	3.73 AC
No. Lots	1	No. Stories	2
Property Type	Land
Zoning	Triplex - Property is currently in Fresno County and zoned for triplex. City of Reedley is open to multi-family zoning.

Price	$625,000
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Deferred Maintenance Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily
Total Lot Size	3.73 AC
No. Stories	2
Zoning	Triplex - Property is currently in Fresno County and zoned for triplex. City of Reedley is open to multi-family zoning.

1 LOT AVAILABLE

Lot

Price	$625,000	Lot Size	3.73 AC
Price Per AC	$167,560.32

Price	$625,000
Price Per AC	$167,560.32
Lot Size	3.73 AC

3.73+/- acres of potential multifamily development land.

DESCRIPTION

Property is in the County of Fresno, and is in the sphere of influence of the City of Reedley. Improvements include Duplex and Old house, and receives water from private well. The city sewer and water is in the street at Palm Village. Great location that is close to the Kings River.

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