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    3308 Cornelia Ave Fresno, CA 93722

    Sponsored
    For Sale
    $3,400,000

    19.65 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 19.65-acre parcel presents a remarkable opportunity for multifamily development in Fresno, CA. Located at 3308 N Cornelia Ave, 93722, this property boasts a prime location within Fresno County, offering convenient access to retail amenities and major corridors servicing the college, airport, downtown area, and schools. The land is zoned RMH, making it ideal for single-family residential lots or multifamily projects. Previous site preparation has already been completed, with the removal of existing trees, fences, and debris, leaving a clean slate for immediate development. The property includes an existing house with active utilities. Its high-traffic location and proximity to recently built and planned residential developments and regional retail centers make this a highly desirable investment. The site's excellent access from Cornelia Ave, just south of Dakota Ave, ensures high visibility and ease of access. The property's infrastructure is ready for development, conforming to existing policies and avoiding traffic congestion. This is a unique chance to capitalize on Fresno's growth, with the potential for significant returns. The APN is 551-220-34S, -30S, -31S & 511-220-32S, -33S. The asking price is $3,400,000.

    Property Features for 3308 Cornelia Ave

    General Information

    Property type
    Land
    Lot Size
    855,954 SF

    HighLights

    • $3,400,000 asking price for 19.65 acres of land.
    • RMH zoning permits residential development, ideal for single‑family lots or multi‑family projects.
    • Convenient location near retail amenities and major corridors servicing the college, airport, downtown, and schools.
    • Ready for development; existing structures and debris have been removed.
    • Located in a high‑growth area of Fresno with new residential projects underway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.8797802
    Latitude
    36.7844393

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    FAQs

    What type of property is this?
    Land - 19.65 Acres, Multifamily Potential
    Where is this land located?
    The property is located at 3308 Cornelia Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: $3,400,000 asking price for 19.65 acres of land.; RMH zoning permits residential development, ideal for single-family lots or multi-family projects.; Convenient location near retail amenities and major corridors servicing the college, airport, downtown, and schools.
    (559) 705-1000
    Request Owner's contact information
    3308 Cornelia Ave Fresno, CA 93722
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    Fresno, CA 93722
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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
    3308 Cornelia Ave Fresno, CA 93722
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