The subject property consists of two structures on two contiguous improved industrial parcels totaling 6.1± acres. 3153 E. Malaga Avenue (APN: 331-140-37) is a 1.88± acre parcel improved with two structures; the first structure is a 1,800± sf residence which has no contributing value as it is currently uninhabitable. This residence was built in the 1940s. The second structure is a 4,800± sf 60’ x 80’ metal shop building. The shop is complete with small office, one restroom, four large roll-up doors with drive thru orientation and metal roof. The shop was constructed in the late 1980s. The lot itself is rectangular in shape with dimensions of 130’ x 630’. It is fenced, leveled, but not paved. 3173 E. Malaga Avenue (APN: 331-140-36) is a 4.22± acre parcel. It has two large billboards facing Interstate 99. There are active leases and income from these billboards. There are no other structures on the parcel. This parcel is triangular in shape. It is fenced, leveled, but not paved. The owner states that both parcels are serviced by Malaga Sewer and Water District, and has separate electrical panels on 3153 E. Malaga Avenue. 3173 E. Malaga Avenue has no service panel but power is available. The property is located on the south side of East Malaga Avenue where the road dead-ends into Interstate 99. Both properties have excellent visibility from Interstate 99, and access to Interstate 99 is good via Chestnut Avenue. The current zoning, according to the County of Fresno, is M3 - Heavy Industrial.
