Description

We are offering 422 S Dearing Ave in Fresno, California, for sale at $129,000. The property is approximately 0.418 acres (about 18,208 square feet) of multifamily development land. That works out to about $308,612 per acre. The site is zoned R5S.

The lot is about 18,200 square feet with frontage on Dearing Avenue, and it has room for 12 units, or about $10,750 per unit at the asking price. The site is shovel ready, with wet and dry utilities at the street along with curb and gutter. Access is easy from Dearing and Huntington Avenues, and the nearby roads have the capacity to handle new development.

The parcel is at the southwest corner of Huntington and Dearing Avenues, north of The Home Depot and Foods Co, about 1.2 miles south of Highway 180 and 2.7 miles east of Highway 41. Kings Canyon Road and Chestnut Avenue nearby carry about 47,289 cars per day combined, and the surrounding corridors serve the college, the airport, downtown and local schools. Fresno is in Fresno County, part of the Fresno metropolitan area.

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.