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- LoopNet Team
2351-2355 Willow Ave
Clovis, CA 93612
AVID/Candlewood Suites Development Site · Land For Sale
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2.52 AC
INVESTMENT HIGHLIGHTS
- Reduced Development Fees for last infill lot with Complete Entitlements for Hotel
- Left over land for mixed use such as office, medical, restaurant...etc
- Located right next to Fresno State University with Freeway Visibility
PROPERTY FACTS
DESCRIPTION
Site has reduced development fees (estimated at $300k vs original $900k), utilities near property line, no offsite improvements are needed for the site.? Water study fees and all other fees pertaining to the entitlements has all be paid.? All on site electrical is underground as well, no additional expenses necessary for it. High barrier to entry location, with great visibility & access to/from 168 Freeway.? Located next to CSU Fresno, and multiple demand generators (Save Mart Event Center, Fresno Airport, Air National Guard, National Parks, Corporate, Transient & SMERF).? Clovis is one of the safest city’s with nationally ranking schools, great occupancy % & ADR for last 10 years.? Buyer can easily file for CUP amendment to increase the height or stories of hotel and file for Site Plan Approval to Amend Number of Rooms as well (seller can help with the process) Many Franchises Are Available, this site is not locked down to just one brand Exceptional hotel site, with great location, low fees, no offsite improvements & next to great demand generators which drive occupancy & ADR.? Investment Highlights ?- High Barrier to Entry Location with great visibility & access to/from 168 Freeway ?- Entitled & Improved Site with Utilities near property line, no off-site improvements, reduced development fees & already approved site plan. - ?Next to Major Demand Generators such as Save Mart Event Center, Fresno Airport, Fresno Downtown, Clovis Downtown, Corporate, Leisure, Transient, National Parks & SMERF Market - ?Great market with a proven track record of exceptional performance in both ADR & Occupancy - ?Last In-Fill Lot Left In Area.
PROPERTY TAXES
| Parcel Number | 430-500-19 | Improvements Assessment | $0 |
| Land Assessment | $1,671,402 | Total Assessment | $1,671,402 |
PROPERTY TAXES
