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Commercial

Blackstone Effie Crossing

4672 N Blackstone Ave, Fresno, CA 93726

Listing Price: $2,500,000

Lot Size
3.00 acres
Price/Acre
$833,333
Land Type
Land

Investment Overview

EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Blackstone Effie Crossing, a ±3 AC lot, located on the active Blackstone Ave in Fresno, CA. The property is an approximately +/-4.22 AC parcel with an almost ready tentative tract map to subdivide the parcel into 2 separate parcels. The improvements on Blackstone Ave contains a 16,137 SF retail strip mall, and while that portion of the lot is not part of the deal, the seller is willing to consider including it in the sale. The buyer has the option to keep the map divided into 3 parcels (with 2 parcels are part of sale) or combine the 2 mapped parcels into one big one. Buyer to Verify with City.
The City of Fresno is currently in the middle of their DRIVE initiative, focusing on economic development, human capital, and neighborhood development (see DRIVE section for more information). Due to Fresno’s willingness to work with developers and provide more housing along Blackstone Ave, the owner was able to negotiate beneficial terms for parking and density. For more information on updated zoning information, conditions, benefits, and inquiries, for the property please contact Lonnie McDermott.
The subject property is located in the CMX (Corridor / Center Mixed Use) zone district. Pursuant to the FMC Chapter 15, Article 11, the CMX District is intended “to allow for either horizontal or vertical mixed-use development along key circulation corridors in the city where height and density can be easily accommodated. Ground-floor retail and upper-floor residential or offices are the primary uses, with residential uses, personal and business services, and public and institutional space as supportive uses. Development will facilitate the transformation of existing transportation corridors into vibrant, highly walkable areas with broad, pedestrian-friendly sidewalks, trees, landscaping, and local-serving uses with new buildings that step down in relationship to the scale and character of adjacent neighborhoods.” The CMX zone district is consistent with the Corridor / Center Mixed Use planned land use dual designation. Buyer to verify with City of Fresno.
The property is located right off SR-41 freeway, allowing easy access to the I-5, HWY-99 and SR-46, which provides access to Northern & Southern California, as well as the California Coast. Blackstone Effie Crossing is only 3 miles from California State University, Fresno and located near the Fashion Fair Mall. Fresno is located nearby major natural attractions such as Sequoia and Yosemite National Parks. The city is also known as the “Agricultural Capital of the World”, with a significant amount of employers in the fruit, vegetables, nuts, dairy, and meat industries.

Investment Highlights

  • 3 AC lot, located on the active Blackstone Ave in Fresno, CA
  • Property currently is one 4.22 AC parcel with an almost ready tentative tract map to subdivide the parcel into 2 separate parcels.
  • The subject property is located in the CMX (Corridor / Center Mixed Use) zone district.
  • The City of Fresno is currently in the middle of their DRIVE initiative, focusing on economic development, human capital, and neighborhood development
  • The property is located right off SR-41 freeway, allowing easy access to the I-5, HWY-99 and SR-46, which provides access to Northern & Southern California, as well as the California Coast.

Exclusively Listed By

Financing By

Commercial

Blackstone Effie Crossing

Listing Price: $2,500,000

Lot Size
3.00 acres
Price/Acre
$833,333
Land Type
Land

Investment Highlights

  • 3 AC lot, located on the active Blackstone Ave in Fresno, CA
  • Property currently is one 4.22 AC parcel with an almost ready tentative tract map to subdivide the parcel into 2 separate parcels.
  • The subject property is located in the CMX (Corridor / Center Mixed Use) zone district.
  • The City of Fresno is currently in the middle of their DRIVE initiative, focusing on economic development, human capital, and neighborhood development
  • The property is located right off SR-41 freeway, allowing easy access to the I-5, HWY-99 and SR-46, which provides access to Northern & Southern California, as well as the California Coast.

Investment Overview

EXECUTIVE SUMMARY Marcus & Millichap is pleased to present Blackstone Effie Crossing, a ±3 AC lot, located on the active Blackstone Ave in Fresno, CA. The property is an approximately +/-4.22 AC parcel with an almost ready tentative tract map to subdivide the parcel into 2 separate parcels. The improvements on Blackstone Ave contains a 16,137 SF retail strip mall, and while that portion of the lot is not part of the deal, the seller is willing to consider including it in the sale. The buyer has the option to keep the map divided into 3 parcels (with 2 parcels are part of sale) or combine the 2 mapped parcels into one big one. Buyer to Verify with City. The City of Fresno is currently in the middle of their DRIVE initiative, focusing on economic development, human capital, and neighborhood development (see DRIVE section for more information). Due to Fresno’s willingness to work with developers and provide more housing along Blackstone Ave, the owner was able to negotiate beneficial terms for parking and density. For more information on updated zoning information, conditions, benefits, and inquiries, for the property please contact Lonnie McDermott. The subject property is located in the CMX (Corridor / Center Mixed Use) zone district. Pursuant to the FMC Chapter 15, Article 11, the CMX District is intended “to allow for either horizontal or vertical mixed-use development along key circulation corridors in the city where height and density can be easily accommodated. Ground-floor retail and upper-floor residential or offices are the primary uses, with residential uses, personal and business services, and public and institutional space as supportive uses. Development will facilitate the transformation of existing transportation corridors into vibrant, highly walkable areas with broad, pedestrian-friendly sidewalks, trees, landscaping, and local-serving uses with new buildings that step down in relationship to the scale and character of adjacent neighborhoods.” The CMX zone district is consistent with the Corridor / Center Mixed Use planned land use dual designation. Buyer to verify with City of Fresno. The property is located right off SR-41 freeway, allowing easy access to the I-5, HWY-99 and SR-46, which provides access to Northern & Southern California, as well as the California Coast. Blackstone Effie Crossing is only 3 miles from California State University, Fresno and located near the Fashion Fair Mall. Fresno is located nearby major natural attractions such as Sequoia and Yosemite National Parks. The city is also known as the “Agricultural Capital of the World”, with a significant amount of employers in the fruit, vegetables, nuts, dairy, and meat industries.

Exclusively Listed By

Financing By

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