Description

We are offering 2516 South Elm Avenue in Fresno, California, for sale at $225,000. The property is approximately 0.41 acres (about 17,860 square feet) of shovel-ready single-family or multifamily development land. That works out to about $548,780 per acre. The site is zoned CMX (Center Mixed Use) and carries Assessor's Parcel Number 479-020-33.

The parcel is free and clear for a developer's concept, with utilities at the site, paved roads in place and allowances for reduced setbacks and street improvements. It is within an Opportunity Zone in a high rental demand market, near newer semi-custom homes and apartment communities, and an adjacent 10.18-acre lot is available together or separately.

The parcel is at Elm Avenue and Jensen Avenue, north of Jensen, east of Martin Luther King Jr. Boulevard and south of Church Avenue, less than half a mile from the Highway 41 ramps and close to Highway 99. Downtown Fresno and major retail hubs in Fresno and Clovis are within about 20 minutes. Fresno is in Fresno County, part of the Fresno metropolitan area. Nearby schools add to demand for new housing.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.