2240 Chestnut Ave Fresno, CA 93725
- Commercial real estate
- 17.72 lot acres
Current Use by Public Records
- BNT Brent Naden Trucking / Trucking Company
Property Details for 2240 Chestnut Ave
- Lot size
- 17.72 lot acres
- Property type
- Commercial real estate
- APN
- 480-080-05
Description
This exceptional 17.72-acre property in Fresno, CA (APN 480-080-05), located at 2240 S Chestnut Ave, 93725, presents a compelling investment opportunity. Currently zoned RS-5 for single-family residences (medium density), this land offers significant potential for high-density development. The City of Fresno's Central Southeast Specific Plan (adopted 2020) designates the parcel as Residential-Urban Neighborhood, allowing for 16-30 dwelling units per acre. The city is reportedly supportive of higher density projects than the current zoning permits, encouraging developers to submit plans. The property boasts convenient access to existing infrastructure, including city water and sewer readily available at the street. Further enhancing its appeal, the land includes a functioning agricultural pump and well, along with a separate domestic pump and well serving an existing 1,260 sq ft home on the property. The surrounding area features a mix of single-family homes, apartments, a senior living facility, and nearby schools and the University of the Pacific, creating a desirable residential environment. This location makes it ideally suited for the development of an affordable housing project. This is a rare opportunity to acquire a substantial land parcel within Fresno city limits with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.7365956
- Latitude
- 36.71848547
