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W Goshen Avenue 12.02 Acres of Residential Land Offered at $1,990,000 in Visalia, CA 93292


EXECUTIVE SUMMARY
There are 2 parcels which are designated and zoned for residential use under the City’s General Plan and Zoning Ordinance, and the proposed development is consistent with the overall intent of these designations. Entitlement Status-The property will require a CUP. A site plan has been designed and submitted to the city for Site Plan Review, comments from various departments have been received. The site can accommodate two-story plans (168 units) or 3- story plans (252 units) based on the conceptual site plan. No architecture was submitted; therefore, it is early enough in the process to change the proposed site plan. Seller may carry 40%.
PROPERTY FACTS
| Price | $1,990,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 12.02 AC |
| Property Type | Land | ||
| Zoning | R3, R2 | ||
| Price | $1,990,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 12.02 AC |
| Zoning | R3, R2 |
1 LOT AVAILABLE
Lot
| Price | $1,990,000 | Lot Size | 12.02 AC |
| Price Per AC | $165,557.40 |
| Price | $1,990,000 |
| Price Per AC | $165,557.40 |
| Lot Size | 12.02 AC |
The proposed development is an infill multi-family residential development on 12.02 acres.
DESCRIPTION
Site Condition - The subject site is vacant land, currently in an unimproved condition. The site was previously used as RV storage and a small shop exists to be demolished. The property is surrounded by single family residential on 3 sides.
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Andrew Leonardo Properties
W Goshen Avenue
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