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4898 E Shields Avenue, Fresno, CA

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4898 E Shields Avenue

Fresno, CA 93726 - Airport Submarket

Property Type:Land Parcel Size:1.19 Acres
For Sale Price:$125,250 Price/Acre:$105,252 Price/SF:$2.42

Proposed Use:Industrial

On-Site Improv:Raw land

Sale Notes:
Two vacant adjoining parcels
Planned Use: industrial/light
Zoning: IL - Light Industrial
Corner of Shields and Winery Avenues
This property is being offered through: AUCTION
*** NOTE: Auction will be held at 1:30 PM on Wednesday, July 19, 2017 in City Hall Meeting Room C (2120). Sealed bids will be due to the Fresno City Clerk no later than 5:00 PM on Tuesday, July 18, 2017.
TERMS: The reserve (minimum bid) price for the Property shall be not less than fair market value established by an appraisal. Purchase price shall be all cash at closing, no seller financing.
GENERAL PROCEDURES: Written bids will be submitted to the City Clerk' s Office no later than 5 pm one business day prior to the auction in a sealed envelope labeled with the Assessor Parcel Number(s) number with a certified or cashier' s check in the sum of 5% of the reserve price payable to the Successor Agency.

Upon opening the bids, the City Clerk will call for oral bids. All oral bidders who have not made a deposit must present a certified or cashier' s check in the sum of 5% of the reserve price prior to making a bid. The starting oral bid must be at least 5% over the highest written bid accepted. All unsuccessful bidders will have checks returned by the City Clerk at completion of bidding.
The deposit by the successful bidder is nonrefundable. The successful bidder will pay the entire remaining balance of the purchase amount within 30 days after acceptance of the highest bid. In the event the successful bidder cannot meet the requirements and deadlines of the sale, the bidder forfeits the deposit. This property is being sold AS IS and subject to the execution of a Purchase and Sale Agreement (see attachment). Bidders who wish to bid on multiple parcels must submit a separate bid for each parcel.

Redevelopment Agency of the City of Fresno
Enrique Mendez
(559) 621-7600 x7603

Debra Barletta
(559) 621-7624

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