0 Herndon Ave Fresno, CA 93722
This exceptional investment opportunity encompasses two adjacent parcels totaling over 1.32 acres (APN 501-043-30) and 0.94 acres (APN 501-043-31) in Fresno, California, situated just north of the northwest corner of West Herndon and North Blythe Avenues. The property is zoned Community Commercial (CC), offering remarkable flexibility for a variety of commercial and professional uses. APN 501-043-30, spanning 57,499 square feet, includes approved site plans for four 3,500 square foot buildings. APN 501-043-31, encompassing 40,946 square feet, boasts approved site plans featuring one 6,500 square foot building and one 3,500 square foot building, with building permits already secured for the latter. This prime location provides unparalleled convenience, with nearby amenities including diverse dining options, banking facilities, and shopping centers. Utilities are readily accessible along Spruce Avenue, and the area features existing curb, gutter, and sidewalk infrastructure along Spruce Avenue. The asking price for this strategically positioned property is $1,450,000. This presents a unique chance to acquire a well-planned and permitted development site in a thriving Fresno neighborhood. The approved plans significantly reduce development time and costs, making this an attractive proposition for investors and developers alike.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.