259 N CLOVIS AVE
FRESNO, CA 93727
$1,750,000
N/A Acres
CMX Zone
Status Active
MLS# 609579
**Prime Development Opportunity: Phase 2 of Fancher Creek Mall Development with 60 Units in Fresno, CA****Shovel-Ready Status**: This project comes shovel-ready, allowing the buyer to move forward immediately post-permit approval. Civil (onsite & offsite), Building (MEP, Structural & Architectural), Fire & Fire Sprinkler, Solar and PG&E + ALL APPROVED!All plan check fees have been paid for by the seller & buyer/builder to pay for permits and development fees**Market Rental Rates**: This Fresno Area market commands an average rent of $1,850 per month for outdated 2-bedroom, 2-bathroom units. Newer units in this development are projected to yield $2,100 per month.**Financial Metrics**: Our seller's proforma indicates an enticing 8.9% Cap Rate. However, we strongly recommend buyers to conduct their own comprehensive due diligence. Comprehensive Development Budget & Operational Budget Available During Due Diligence Period.
Details for 259 N CLOVIS AVE
Built in 0
0 parking spaces
85 Days on website
2.24 acres lot
Area Information for 259 N CLOVIS AVE
![](https://maps.googleapis.com/maps/api/staticmap?center=36.745965,-119.700478&zoom=15&size=750x250&scale=1&style=feature:poi|visibility:off&style=feature:administrative|visibility:off&markers=icon:https://peak-static-prod.remax.eng.remax.tech/web/map-pins/listing-details-pin@1x.png|scale:1|36.745965,-119.700478&key=AIzaSyDxUJRZlcKFGYI5UKOu52lQV-aACGxLtSs&signature=hUxHhwrF6VO9j0rCZKvkCDLvnjk=)