Exciting New Development Investment Opportunity in Reedley! Zoned for residential use this 2.65-acre property has the potential to accommodate up to (19 apartments per acre) or an (estimated) 40-60 apartment units. Prime location conveniently located within City of Reedley's sphere of influence. The property is zoned RM-2 typically designates Multiple-Family residential districts, designed to allow moderate-density housing such as townhouses, duplexes and apartment buildings and acts as a transition between high-density commercial areas and lower density single-family neighborhoods. Positioned directly in front of Mueller Park, Reedley Community Center, Grant Middle School, shopping and dining out are just a few highlights as well as offering education and recreation making this a perfect location for a new development. Please note, the address provided is an estimate, as the property has not been assigned a formal address, buyer to verify all information including zoning and development potential. Property is sold as is. Opportunities like this one are rare and a valuable opportunity for future development or long-term investment! Schedule your showing today!
Property Type
Land
Property Subtype 1
Single Family Residence
Property Subtype 2
Apartment
Property Subtype 3
Commercial
Unique Conditions
1031 Exchange
Potential Use
Residential, Multi Family, Condo/PUD, Commercial
Price Per Acre
$377,358
Days On London
20
Cumulative Days On London
20
County
Fresno
Improvements
None
REO / Bank Owned
No
Cross Street Address
E. Springfield Ave
Directions
Turn Left onto N. Sunset Ave from E. Springfield Ave or call listing agent for directions 559-999-3536
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Courtesy of Maribel Tamez, Western Pioneer Properties - [email protected] Last modified 1 week ago Fresno MLS last checked for updates 29 minutes ago
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.
