NWC Alta Ave & Surabian Dr. (Multifamily) Land/Development
  • Asking Price
    $1.9MAsking Price
  • Acres
    ~4.26 acAcres
  • Developable Acres
    4.26 acresDevelopable Acres
  • Entitlements
    Yes (Fully…Entitlements
  • Highest & Best Use
    Multifamily…Highest & Best Use
  • Utilities
    WaterUtilities

Description

NWC Alta Ave & Surabian Dr. (Multifamily) is a 4.26-acre residential development site for sale in Dinuba, CA 93618. Fully entitled for a 72-unit multifamily development, the property offers a defined project scope for a buyer focused on bringing approved housing to market.

All 4.26 acres are identified as developable, giving a buyer the full site area to work with in planning the approved project. The Commercial/Multifamily zoning and stated highest and best use align with the 72-unit approval. Access is identified from both Alta Ave and Surabian Dr, with long frontage on Surabian Drive and multiple access points. Water is the identified utility, and the property is identified by APN 017-280-016. A traffic count of 50,493 AADT adds a measure of exposure relevant to site planning and access.

The asking price is $1,855,656, also expressed as $25,773 per unit, $435,600 per acre and $10 PSF. Those measures give a developer ways to underwrite the land acquisition against the approved unit count and the site area without treating the parcel as an operating apartment property. For a buyer seeking a multifamily development site, the central proposition is the combination of developable acreage, identified access and a fully entitled 72-unit plan at a defined asking price.

Offering Summary

  • Asking Price
    $1,855,656
  • Price PSF
    $10
  • Price/Unit
    $25,773
  • Price/Acre
    $435,600
  • Property Type
    Land/Development
  • Available
    185,565 SF
  • Properties
    1
  • Total Acres
    ~4.26 ac

Documents

Property Address

NWC Alta Ave & Surabian Dr. (Multifamily)
Dinuba, CA 93618

Property Details

  • Available Space (SF)
    185,565 SF
  • Traffic Count
    50,493 AADT
  • Property Type
    Land/Development
  • Acres
    4.26
  • Developable Acres
    4.26
  • Entitlements
    Yes (Fully Entitled)
  • Zoning
    Commercial/Multifamily
  • Access Frontage
    Easy access off Alta Ave with long frontage on Surabian Drive; existing access from Surabian Dr and Alta Ave; multiple access points
  • Utilities
    Water
  • Highest & Best Use
    Multifamily development (72 units approved)
  • APN
    017-280-016

Deal Team

Jared Ennis profile image

Jared Ennis

Executive Vice President
Central CA Commercial