Russell G Smith - Commercial Real Estate Showcase

Russell G Smith Property Listings
Russell G. Smith, Inc.
8080 N Palm
Suite 300
Fresno, CA 93711

427 E Grand Avenue - Apartment Land Porterville - 16.93 Acres

Porterville, CA 93257 - Porterville Submarket

Property Type:Land Parcel Size:16.93 Acres
For Sale Price:$838,000 Price/Acre:$49,498 Price/SF:$1.14

Proposed Use:Apartment Units

On-Site Improv:Raw land

APN # 253-070-001

Existing zoning allows 10 units per acre. City Planning has indicated they support an up zoning to 15 units per acre.

Parcel is rectangular in shape with approximately 630 feet of frontage on Plano Street, which is a four lane main arterial, 1,255 feet of frontage on Grand Avenue and 614 feet of frontage on Park Street.

Property has been owned by the same family for over 90 years. It was the family home and until a few years ago included an orange orchard. The patriarch of the family recently died and the three surviving family members who own the property have diverse needs and objectives and are prepared to aggressively offer the property for sale. One of the owners has a residence on the property in the area shown as the approximately two acres they want to retain.

Sale Notes:
This attractive parcel is located on the Southeast corner of Grand Ave. and Plano Street and is currently zoned for Multi-Family (RM1). The entire parcel is just over 18 acres, however the seller will retain approximately 2 acres. This parcel is ideally located, close to many schools, parks and Porterville's Revitalized Historic Downtown area. The sellers are prepared to aggressively offer this land for sale and all reasonable offers will be considered.

Russell G. Smith, Inc.
Russell G Smith
(559) 449-2424

Garry Owens
(559) 449-2424

Justin Tancredi
(559) 449-2424

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