238 Fresno StFresno, CA 93701

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.