3593 Elm Ave Fresno, CA 93706
This exceptional 38.76-acre agricultural property in Fresno, CA, presents a compelling investment opportunity. Ideally situated near Highways 41 and 99, it falls within Fresno's sphere of influence and is designated AE20, permitting continued farming or development of agriculture-related businesses. The land boasts a 100% water allocation for 2024 from the Fresno Irrigation District, enhanced by a newly installed (2023) irrigation well pump. Currently cultivated with alfalfa, the property includes a mobile home (as-is condition). Essential utilities are available to the mobile home, including a domestic well, septic tank, electricity, and natural gas. The property's two parcels (APN 329-030-14, 329-030-15) are offered at $70,000 per acre, totaling $2,713,200. A 1031 exchange is a permitted sale condition. This location offers excellent potential for both continued agricultural use and future development.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.