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    2240 Chestnut Ave Fresno, CA 93725

    Sponsored
    For Sale
    $1,900,000

    Prime Fresno development land, high density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.72-acre property in Fresno, CA (APN 480-080-05), located at 2240 S Chestnut Ave, 93725, presents a compelling investment opportunity. Currently zoned RS-5 for single-family residences (medium density), this land offers significant potential for high-density development. The City of Fresno's Central Southeast Specific Plan (adopted 2020) designates the parcel as Residential-Urban Neighborhood, allowing for 16-30 dwelling units per acre. The city is reportedly supportive of higher density projects than the current zoning permits, encouraging developers to submit plans. The property boasts convenient access to existing infrastructure, including city water and sewer readily available at the street. Further enhancing its appeal, the land includes a functioning agricultural pump and well, along with a separate domestic pump and well serving an existing 1,260 sq ft home on the property. The surrounding area features a mix of single-family homes, apartments, a senior living facility, and nearby schools and the University of the Pacific, creating a desirable residential environment. This location makes it ideally suited for the development of an affordable housing project. This is a rare opportunity to acquire a substantial land parcel within Fresno city limits with significant upside potential.

    Property Features for 2240 Chestnut Ave

    General Information

    Property type
    Farms
    Lot Size
    771,883 SF

    HighLights

    • 17.72‑acre parcel in Fresno, CA (APN 480‑080‑05) at 2240 S Chestnut Ave, 93725.
    • Currently zoned RS‑5 (medium density), with potential for high‑density development (16‑30 units/acre per Central Southeast Specific Plan).
    • City water & sewer available; includes one agricultural pump & well, one domestic pump & well, and a 1,260 sq ft home.
    Property Profile Location Intelligence

    Current Use by Public Records

    BNT Brent Naden ... Trucking Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.7365956
    Latitude
    36.71848547

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    FAQs

    What type of property is this?
    Farm - Prime Fresno development land, high density potential.
    Where is this farm located?
    The property is located at 2240 Chestnut Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 17.72-acre parcel in Fresno, CA (APN 480-080-05) at 2240 S Chestnut Ave, 93725.; Currently zoned RS-5 (medium density), with potential for high-density development (16-30 units/acre per Central Southeast Specific Plan).; City water & sewer available; includes one agricultural pump & well, one domestic pump & well, and a 1,260 sq ft home.
    Request Owner's contact information
    2240 Chestnut Ave Fresno, CA 93725
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    Fresno, CA 93725
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2240 Chestnut Ave Fresno, CA 93725
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