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Great opportunity to acquire rare high density multifamily development land in a growing City with shrinking vacancy. This piece hits the sweet spot of slightly over 100 unit potential, with good access from Highway 99, located near the new High School and Madera Hospital. Per City of Madera and the 2 Housing Element Update, the following parameters apply. This parcel is within the PD-1500 (Planned Development) Zone District. Zoning allows for a maximum density of 29 units per acre. The Maximum Capacity of the land is is roughly 122 units with a Realistic Capacity of 104 units.

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Madera, CA 93637

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Madera, CA 93637

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Madera, CA 93637

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Madera, CA 93637

$830,000

Listed On 01/14/2019

Status: Active

4.38 Acres (PER TAX RECORDS)

Listing #516051 (FRESNO MLS)

LONDON PROPERTIES, LTD.

REALTOR® / Lic. #00463722

559.661.6100

lbuchnoff@londonproperties.com

Presented By:

London Properties, Ltd.

(559) 661-6100

Email London

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Madera, CA 93637

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Madera, CA 93637

[GET DIRECTIONS]

Presented By:

London Properties, Ltd.

(559) 661-6100

Email London

Presented By:

London Properties, Ltd.

(559) 661-6100

Email London

$830,000• 4.38 Acres (PER TAX RECORDS) • Status: Active• Listing #516051 (FRESNO MLS)• Listed On 01/14/2019

Great opportunity to acquire rare high density multifamily development land in a growing City with shrinking vacancy. This piece hits the sweet spot of slightly over 100 unit potential, with good access from Highway 99, located near the new High School and Madera Hospital. Per City of Madera and the 2 Housing Element Update, the following parameters apply. This parcel is within the PD-1500 (Planned Development) Zone District. Zoning allows for a maximum density of 29 units per acre. The Maximum Capacity of the land is is roughly 122 units with a Realistic Capacity of 104 units.
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Loan Terms In Years
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* This estimate does not include property tax or any lender required insurances
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General Information
Property Type Land/Lots Property Subtype(s) Apartment, Single Family Residence
Days On Market/Cumulative Days On Market 40/40 APN 012 253 001
County Madera Area 637
Lot Dimensions Irregular, Level Zoning PD-1500 Multi Family +-29 units per acre
Sewer/Water None Gas & Electric None
Cross Streets Gary/Emily Location Access City Streets
Directions From Highway 99, Take the CA-145/Madera Ave exit, EXIT 153B, toward Yosemite. Turn left onto S Madera Ave/CA-145. Turn left onto E Almond Ave.Take the 1st right onto Emily Way. Property is NorthEast corner of Emily and Gary. Improvements None
Property Type Land/Lots
Property Subtype(s) Apartment, Single Family Residence
Days On Market/Cumulative Days On Market 40/40
APN 012 253 001
County Madera
Area 637
Lot Dimensions Irregular, Level
Zoning PD-1500 Multi Family +-29 units per acre
Sewer/Water None
Gas & Electric None
Cross Streets Gary/Emily
Location Access City Streets
Directions From Highway 99, Take the CA-145/Madera Ave exit, EXIT 153B, toward Yosemite. Turn left onto S Madera Ave/CA-145. Turn left onto E Almond Ave.Take the 1st right onto Emily Way. Property is NorthEast corner of Emily and Gary.
Improvements None
Nearby Amenities

Restaurants

Groceries

Nightlife

Shopping

Arts & Entertainment
School Information
School District Madera Unified Elementary School Parkwood
Junior High School Martin Luther King High School Madera South
School District Madera Unified
Elementary School Parkwood
Junior High School Martin Luther King
High School Madera South
Exterior
Lot Acres (approx) 4.38 (per Tax Records) Lot Sq Ft (approx) 190,792 (per Tax Records)
Site Amenities Corner, Cul De Sac Spa No
Pool No    
Lot Acres (approx) 4.38 (per Tax Records)
Lot Sq Ft (approx) 190,792 (per Tax Records)
Site Amenities Corner, Cul De Sac
Spa No
Pool No
Miscellaneous Data
1st Loan Type Free & Clear REO/Bank Owned No
1st Loan Type Free & Clear
REO/Bank Owned No

Courtesy of John Pestorich, 99 Properties Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
 

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