2542 Elm Ave Fresno, CA 93706
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96-unit multifamily project, shovel-ready.
Property Features for 2542 Elm Ave
General Information
- Property type
- Land
- Lot Size
- 443,441 SF
Listing Agency: KW Commercial | Central California Listing Agent: Jared Ennis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 10.18-acre parcel in Fresno, CA (APN 479-020-36, -52), zoned RS-5 Med Density Residential, presents a remarkable opportunity for multifamily development. A tentative map and complete building plans are in place for a 96-unit project, comprising 24 two-story buildings. The development features 48 three-bedroom units and 48 four-bedroom units, providing ample living space. The project design includes 188 parking spaces (1.5 spaces per unit), 146,892 square feet of open space (49,329 square feet of which is active), and 20-foot setbacks, enhanced by plans for a quality rod iron fence. The total building size is approximately 131,376 square feet. This turnkey asset benefits from its location in a high-rental-demand area, close to schools and numerous commercial amenities, including recently developed apartment complexes. Convenient access to Highways 99 and 41, along with its placement within an Opportunity Zone, further enhances its appeal. The property is shovel-ready, with utilities already on-site. This represents a significant investment opportunity in a thriving Fresno submarket. The asking price is $995,000. The address is 2542 S Elm Ave, Fresno, CA 93706.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.791506
- Latitude
- 36.709303
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FAQs
What type of property is this?
Land - 96-unit multifamily project, shovel-ready.
Where is this land located?
The property is located at 2542 Elm Ave Fresno, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: ±10.18 Acres (±443,441 SF) of vacant land, RS-5 zoned for multifamily development.; Approved Tract 5786, 96-unit multifamily development for sale.; Tentative map and complete building plans for a 96-unit apartment complex (48 three-bedroom, 48 four-bedroom units).
