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Opportunity Zone

506 E. Jensen Ave (Multiple parcels)

Residential Development Land / Opportunity Zone.

Listing Contacts

Active

Asking Price: $8,700,000
Earnest Money  Deposit: $100,000 min.
Address 

506 E Jensen Ave, Fresno, CA 93706

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Date Added
Jul 7, 2021
Days on Market
1440 days
Time Since Last Update
140 days

Details

Property TypeLand
SubtypeResidential
Zoningagriculture
Lot Size (acres)85 - 87
Price/Acre (Land Value)$100,000/acre
APN47904003
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Marketing Description

This property has multiple APN numbers and these 6 parcels total apprx.​ 86 acres.​ the APN s are as follows 328-080-02, 328-080-04s,

479-040-20,  479-040-23, 479-040-03, 479-040-19.​ all parcels are in close proximity to one another.​ These parcels are located near

Jensen and Martin Luther King Blvd.​ Close to the new State Center Community college currently under construction.​ Zoned for

agricultural use however in the sphere of City influence.​ Developer will need to re zone for single or multi- family zoning or both.​ Seller

reserves the right to parcel off apprx.​ 2 acres to retain the 2 existing homes on Jensen.​ Seller will retain all mineral rights.​ Great

residential development opportunity here.​ Located in an approved Opportunity Zone.​ Seller will perform IRS 1031 exchange, please add

this language to any offer.​ Contact John Nipp, Fresno Commercial, Broker at 559 213 7600 for further information.​

Investment Highlights

Residential Development site. 6 parcels for a total of apprx. 86 acres. Near new State Center Community college.

For further information contact broker JOHN NIPP  559 213 7600

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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