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    3451 Cherry Ave Fresno, CA 93706

    For Sale
    $3,900,000

    16 Acres, $3.9M, Ideal for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 16.23-acre industrial land parcel, located at 3451 S. Cherry Avenue in Fresno, California (zip code 93706), presents a significant development opportunity. The property, identified by APN 329-120-26, is zoned AE-20 and is currently undergoing an application for rezoning to accommodate industrial use with Fresno County. Its strategic location near the intersection of Central Avenue and Highway 41 offers excellent accessibility and visibility. The site is cleared, with cherry trees removed, and features city water access. An existing house will be removed by the seller, and a current well will remain on the property. This expansive lot is perfectly suited for the construction of a large single-tenant industrial building, estimated to accommodate between 280,000 and 320,000 square feet. Alternatively, the property can be subdivided into four or more parcels to facilitate multi-tenant development, allowing for a variety of permitted uses under the applicable zoning code. The asking price for this exceptional property is $3,900,000. Don't miss this chance to acquire a premier industrial land site in a thriving Fresno location.

    Property Features for 3451 Cherry Ave

    General Information

    Property type
    Land
    Lot Size
    706,979 SF

    HighLights

    • 16.23± acres available for sale at $3,900,000.
    • Currently zoned AE‑20, with a pending application for industrial rezoning with Fresno County.
    • Planned use: Industrial.
    • Parcel Number: 329‑120‑26.
    • Cleared lot; existing house to be removed by seller; existing well remains; street water available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Clothing Store Pharmacy Auto Repair Shop Department Store Auto Parts Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.78180485477
    Latitude
    36.684222775165

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    FAQs

    What type of property is this?
    Land - 16 Acres, $3.9M, Ideal for Development
    Where is this land located?
    The property is located at 3451 Cherry Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 16.23± acres available for sale at $3,900,000.; Currently zoned AE-20, with a pending application for industrial rezoning with Fresno County.; Planned use: Industrial.
    Request Owner's contact information
    3451 Cherry Ave Fresno, CA 93706
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    Fresno, CA 93706
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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
    3451 Cherry Ave Fresno, CA 93706
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