295 N Clovis Ave
Fresno, CA 93727
Land For Sale
·
1.95 AC
Investment Highlights
- Entitled property for 60 apartment units
- At-risk grading permit coming soon
- Across the street from Fancher Creek
- Building plans submitted; Civil plans almost approved
- Phase 2 not required
- No major on or off-site improvements
Property Facts
Description
An exciting new multifamily development is here, consisting of 60 units and strategically located across the street from Fancher Creek. The construction plans for this project are well underway and are anticipated to be fully approved by the end of August 2023. The Buyer will assume responsibility for permits, development fees, and all construction costs. One of the most appealing aspects of this opportunity is that no significant on or off-site improvements are necessary, and all potential entitlement risks have been addressed, making it an ideal prospect for developers. The area is also witnessing an influx of larger upcoming developments, which further adds to the attractiveness of the venture for any developer looking to build residential units.
Property Taxes
| Parcel Number | 462-020-03 | Improvements Assessment | $0 |
| Land Assessment | $1,530,000 | Total Assessment | $1,530,000 |
Property Taxes
