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    158 S Peach Ave

    Fresno, CA 93727
    • $2,880,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: AR21099926
    UPDATED: 164 min ago
    $2,880,000
    • 0
      BEDS
    • 4.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Attention Developers and Investors! A rare APPROVED high density apartment development opportunity in Southeast Fresno within qualified OPPORTUNITY ZONE! Prime location with walking distance to Schools, Walmart, parks and popular dining and shopping on Kings Canyon Road. This is an 4.3 Acre land with ENTITLEMENT permitted for an 130-Units apartment building complex. Seller spent over 1 year on planning, designing, revision, attending public hearings, getting annexation etc. Finally this 4.3-Acre land is entitled by the City. Subject land includes 4 parcels 463-090-11/28/57/59 and currently has the Street number 144, 158 and 174 S Peach Ave. The city of Fresno has issued entitlement for this 130 units apartment complex project which includes five 3-story building (1 Bedroom-47 units, 2 Bedroom-71 units and 3 Bedroom-12 units, surface carport parking). The subject Project is conveniently located at Fresno Area Express (FAX) Public transportation system:There are 3 bus lines are within walking distance from the Project. Two of which have stations right in front of and cross street of the Project. The project is 10 mins drive from Amazon and Ulta Beauty distribution center which came to town just 3 years ago. With low cost of living, California weather, central CA location, ready job force, sufficient education resources, Fresno is where companies want to move to. Fresno continuously having high population growth and insufficient supply of workforce housing. This project is what the City needs! The seller will be responsible for all the architectural, engineering, and structural permits associated to get the final permits at the close of escrow. The property will be SHOVEL READY. Entitlement documentation and project proforma is available upon request.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116989770
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    158 S Peach Ave Fresno, CA 93727

    • Price: $2,880,000
    • Status: Active
    • Updated: 164 min ago
    • ID#: AR21099926
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.3
    Acres
    Neighborhood:
    FSNO - Fresno
    County:
    Fresno
    Area:
    FSNO - Fresno
    Property Description
    Attention Developers and Investors! A rare APPROVED high density apartment development opportunity in Southeast Fresno within qualified OPPORTUNITY ZONE! Prime location with walking distance to Schools, Walmart, parks and popular dining and shopping on Kings Canyon Road. This is an 4.3 Acre land with ENTITLEMENT permitted for an 130-Units apartment building complex. Seller spent over 1 year on planning, designing, revision, attending public hearings, getting annexation etc. Finally this 4.3-Acre land is entitled by the City. Subject land includes 4 parcels 463-090-11/28/57/59 and currently has the Street number 144, 158 and 174 S Peach Ave. The city of Fresno has issued entitlement for this 130 units apartment complex project which includes five 3-story building (1 Bedroom-47 units, 2 Bedroom-71 units and 3 Bedroom-12 units, surface carport parking). The subject Project is conveniently located at Fresno Area Express (FAX) Public transportation system:There are 3 bus lines are within walking distance from the Project. Two of which have stations right in front of and cross street of the Project. The project is 10 mins drive from Amazon and Ulta Beauty distribution center which came to town just 3 years ago. With low cost of living, California weather, central CA location, ready job force, sufficient education resources, Fresno is where companies want to move to. Fresno continuously having high population growth and insufficient supply of workforce housing. This project is what the City needs! The seller will be responsible for all the architectural, engineering, and structural permits associated to get the final permits at the close of escrow. The property will be SHOVEL READY. Entitlement documentation and project proforma is available upon request.
    Exterior Features

    Lot Features 31-35 Units/Acre Road Frontage Type City Street Road Surface Type Alley Paved Sign On Property YN No View None View YN No

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency The Seller Will Be Responsible For All The Final ArchitecturalEngineeringAnd Structural Permits Associated To Get The Final Permits At The Close Of Escrow To Get The Project Shovel Ready. Electric Standard Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Ra

    Listing provided courtesy of Betty Wang of Pinnacle Real Estate Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T09:58:24.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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