Subdivision Land: SFR Development Land of ±100 Homes

Listing was updated at: 01/20/2020
Property Overview
Price/Rent PSF $ 1,700,000.00
Asset Type Land
Trade Type Sale
Acres Available 17.48
Date Available 01/20/2020
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Property is well located off the southeast corner of Avenue 13 1/2 and Road 28 nearby State Highway 99 off/on ramps, north of Avenue 13, east of Knox Street, south of Olive Avenue, and west of Road 28 1/2. Centrally located on the growing side of Madera County across from multiple newer subdivisions and nearby various retail developments. Parkwood and Sierra Vista Elementary School, Gould Educational Center School, and Madera Community College Center are within close distance.

±1 to ±17.48 Acre (±761,428 SF) vacant land of 97 proposed lots which has been annexed into the city of Madera for single family residential. Willing to Split Land into 2 Parcels, (2) ±8.74 Acres at $850,000 each or ±17.48 Acres at $1,700,000 total. Excellent location across from the recently completed KB Homes tract. As part of the recent 100+ acre annexation, this is the closest parcel to existing city development. All utilities are present including power, city water, & city sewer. Previous preliminary tract drawings had (97) lots of 5-6,000 SF each. Excellent access, roads have adequate capacity, is within the holding capacity, conforms to policies, avoids traffic congestion, and is shovel ready. Off Major Corridors servicing College, Airport, Downtown, & Schools. Site has 1,129 ft of Road 28 frontage and is 627 ft deep. Reduced price!

Within the City of Madera, a nonprofit community housing service has recently been awarded $11.3 million from the California Strategic Growth Council for the Downtown Madera Veterans and Family Housing Project. “This is truly a major accomplishment for Madera. It will change the face of our downtown and serve as an impetus for additional investment in Madera. It shows what a community that works together can accomplish,” said Madera Mayor Andrew Medellin. The grant money will go towards the construction of a 48-unit community that will provide affordable housing options for veterans, seniors and families near the subject property.