1253 Lewiston AveRiverdale, CA 93656

  • Agricultural properties
  • 4,396 SF
For Sale
$650,000 View listing

Property Details for 1253 Lewiston Ave

Year built
1952
Lot size
19.98 AC
Property size (Sq ft)
4,396 SF
Property type
Agricultural properties
Property subtype
Multifamily properties

Description

This 19.98-acre agricultural property in Riverdale, CA (Fresno County, zip 93656), presents a unique investment opportunity. The property includes a non-operational dairy farm with existing structures, offering potential for redevelopment or continued agricultural use. The main residence is a four-bedroom, two-bathroom house. Additionally, there are two three-bedroom, two-bathroom manufactured homes on foundations, and a two-bedroom, two-bathroom mobile home (not on a foundation). One home is currently occupied under a month-to-month lease; the others were recently occupied. The dairy infrastructure includes a barn and seven corrals. Two wells are on-site; one is operational, providing water to the entire property. The property is zoned for agricultural use (Ag) and has a total of 4 units. The asking price is $650,000, with a current NOI of $29,632 and a pro-forma NOI of $21,548. The property's total square footage is 4,396, with a net rentable area of 870,329 square feet. The current cap rate is 4.56%, with a pro-forma cap rate of 3.32%. The property is being sold "as is," and pest inspections are available. The APN is 05547052S. The property was built in 1952 and consists of five buildings, all one story. The price per acre is $32,533. The property is currently 25% occupied.

1253 Lewiston Ave, Riverdale, California

Location Insight

City
Riverdale
County
Fresno
State
California
Latitude
36.4081
Longitude
-119.821

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