High-Demand Multifamily Opportunity FOR SALE


Fresno, CA - Lowell
$650,000 USD
, Fresno, CA for Sale
$650,000 USD
FOR SALE
1/5
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High-Demand Multifamily Opportunity
Fresno, CA
Lowell


HIGHLIGHTS

  • Redevelopment Opportunity in Downtown Fresno
  • Historic Building
  • Building plans drafted in 2021 for 18 residential units and ground floor retail storefront spaces.
  • Cold shell condition
  • Located near several existing and planned mixed-use developments

OVERVIEW

UPDATE: Major price reduction! Now $650,000 ($41 PSF). Rare historic mixed-use rehabilitation opportunity in Downtown Fresno. Includes two parcels: 2049 Broadway St., Fresno and 617 E. Divisadero St., Fresno. 617 E. Divisadero St., Fresno can be converted into 2 studio units. Both buildings are next to each other and are in cold shell condition. Located near several newer mixed-use/mixed-income housing projects, with several more in the pipeline. This opportunity may qualify for grants, tax incentives and reduced development fees to help reduce project costs. Capitalize on the City's ongoing investment in Downtown redevelopment, infrastructure, and transit improvements. Building plans were drafted in 2021 for 18 residential units plus retail spaces. Buyers to resubmit plans. Full build out or phased development. Contact listing broker for disclosure materials and unit breakdown.

ASK ABOUT THIS PROPERTY

Ronald StumpfStumpf & CompanyMore Info

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Ronald StumpfStumpf & CompanyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.