For Sale
$489,000

238 Fresno StFresno, CA 93701

Vacant Land, 2650 SF Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a 2,650 square foot building situated on a 0.39-acre lot in Fresno, CA. Located at 238 N Fresno St, this property boasts a prime location directly across from Fresno Community Hospital. The existing building, constructed in 1956, is currently vacant, offering a blank canvas for a variety of uses. The property comprises three separate parcels and is zoned NMX (Neighborhood Mixed Use), allowing for residential, retail, office, and industrial development. The land value is $30 per square foot, and the asking price for the entire property is $489,000. This presents a unique investment opportunity within Census Tract 5.02, designated as an Opportunity Zone, providing potential tax advantages for investors under the Tax Cuts and Jobs Act of 2017. The property's central location and flexible zoning make it an ideal candidate for adaptive reuse or new construction, catering to a wide range of development possibilities. Further details are available in the offering memorandum.

Highlights

  • $489,000 asking price for a vacant, 2,650 sq ft commercial property.
  • Located at 238 N Fresno St, Fresno, CA 93701, on a 0.39-acre lot.
  • Property includes a 1956-built, single-building structure with NMX zoning, allowing for mixed-use development (Residential, Retail, Office, Industrial).
  • Situated across from Fresno Community Hospital in an Opportunity Zone (Census Tract 5.02), offering potential tax advantages.
  • Land value is $30/sq ft; building price is $184.53/sq ft.

Property Details for 238 Fresno St

Property type
Retail properties, Office properties
Square Feet
2,650 SF
Class
C
Year Built
1956
Buildings
1
Lot Size (sq. ft)
16,988 SF
Units
1

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7456509
Longitude
-119.7812525
238 Fresno St, Fresno, California

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238 Fresno St
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