104 Sierra Ave Fresno, CA 93710-3638

This exceptional 5.21-acre parcel presents a compelling redevelopment opportunity in Fresno, California. Currently operating as a 60-unit mobile home park, the property boasts coveted CMX zoning, allowing for a wide range of residential and non-residential uses. The site features 123,972 square feet and over 300 feet of frontage on Sierra Avenue in North Fresno. Its strategic location offers convenient access to Highway 41 and proximity to major retail centers, restaurants, entertainment venues, River Park Shopping Center, Kaiser Permanente Fresno Medical Center, California State University, Fresno, and Woodward Park, all within a 5-10 minute drive. Downtown Fresno's revitalized area is an 18-minute drive, and Fresno Yosemite International Airport is a 20-minute drive away. The property is situated in a CTCAC/HCD High Resource Opportunity Zone, benefiting from potential incentives. Public sanitary sewer and water lines are readily available on-site. With a 4.5% multi-family vacancy rate in the North Fresno submarket and minimal new multi-family construction anticipated for the next two years, this presents a unique chance to capitalize on high demand. The asking price is $4,095,000, offering significant value-add potential. Built in 1979, this fee-simple property (APN 408-050-09) presents a rare chance to develop a substantial project in a thriving California market. The CMX zoning permits up to 30 dwelling units per acre for multi-family development.