10.93 Acres Development Land

$5,120,000

N Maple Ave & E Behymer Ave, Fresno, CA

For Sale

Land Commercial

Active

Last Updated: 09/30/2021

Details:

Lot Area: 476,111 sqft

Price per Acre: $468,435

Buildable Area: 187,000 sqft

Offered by

Ron Swim

National Land Group/National Multi Housing Group

Marcus & Millichap

#00921213

Request Info to Unlock

Highlights:

One of the last remaining commercial properties in the area.
Surrounded by prestigious residential development in all directions.
Geographical "Hub" of Woodward Park, Fort Washington and Copper River neighborhoods.
Customer base for retailers is already in place.
Price is set on "NET" acres not gross.
Zoning options allow for the greatest potential use of the property.

Description:

The 10.93 acre commercial property is ideally located at the "geographical hub" of many upscale neighborhoods in the highly desirable area of North East Fresno including the Woodward Lake, Woodward Park, Fort Washington and Copper River communities. Several additional upscale subdivisions and custom homes make up the neighborhood that has been termed a "primary market area" by the commercial real estate appraisal and consulting firm Seevers, Jordan, Ziegenmeyer.

The existing Community Commercial (C-2) zoning designation in the City of Fresno permits a developer to create a Neighborhood Shopping Center. Preliminary studies suggest that up to 115,000 sq.ft. of retail space may be built on the property, depending on structure location and how many free standing pads are included. However, recent meetings with city planners suggest a rezoning to Neighborhood Mixed Use (NMX) may be accomplished to allow for a mix of commercial, retail and residential development which would allow a developer the greatest amount of options for planning potential uses for the property.

The highly visible corner location is ideally suited for a community friendly upscale neighborhood "lifestyle" center. The neighborhood is currently underserved by retail services and the customer base is already in place with the above referenced residential base supplemented by the nearby Willow-International Community College and Clovis District High School/Middle School complex. Northbound traffic on N Maple Ave. leads to several upscale subdivisions and to a main entrance of the 760 acre Copper River Ranch 5 star master planned community.