Description

We are offering 3436 N First Street in Fresno, California, for sale at $449,000. The property is approximately 1.36 acres (about 59,242 square feet) of infill development land. That works out to about $330,147 per acre. The site is zoned RS-5 and carries Assessor's Parcel Number 437-221-16.

The parcel has about 145 feet of frontage on First Street and a depth of about 408 feet. All utilities are at the site on First Street, and the RS-5 medium-density residential zoning could support an apartment or office project. The price was recently reduced and is below the $600,000 sale prices recorded in 1989 and 1994, and the seller will carry financing with 20% down.

The site is at the northeast corner of First Street and Shields Avenue in the McLane neighborhood, near the Highway 41 overpass and the Highway 180 and 168 interchange. About 78,951 cars per day pass within half a mile, and about 142,554 households live within five miles. Fresno is in Fresno County, part of the Fresno metropolitan area. The infill location puts a new project close to schools, services and major roads.

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.