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- LoopNet Team
2261 Lungren Court
Kingsburg, CA 93631
Development Land Off HWY-99 with 63,000+ VPD · Land For Sale · 2.08 AC
INVESTMENT HIGHLIGHTS
- Highly Visible Potential Development Site along CA-99 in Kingsburg, CA
- High Traffic and Visibility with over 63,000 Cars Per Day on Hwy-99
- Originally Planned for Hotel Use
- Over 2 AC of CH Highway Commercial Land with Many Potential Uses Including: Casual Dining, Drive Thru, Hotel, Car Wash, Retail
- The City of Kingsburg has Numerous Incentives for New Development, Including Reduced Fees, Tax Rebates, and Expedited Approvals
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.08 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.08 AC |
DESCRIPTION
Ovaness-Rostamian Group of Marcus & Millichap has been chosen to exclusively market for sale a highly visible potential development site along California State Route 99 in Kingsburg, California. The opportunity comprises of 2 acres, or just over 90,000 square feet. The land is zoned CH Highway Commercial which allows for your next casual dining spot, drive through, hotel, car wash or any other number of large format businesses with a view from CA Highway 99. With over 63,000 average daily drivers, Kingsburg is just 20 mins south of the city of Fresno and halfway between Sacramento and Los Angeles. Known as the Gem of the Valley, it is home to the Swedish Coffee Pot Water Tower and Public Park, and the World’s Largest Box of Raisins. NEW DEVELOPMENT INCENTIVES The City of Kingsburg currently has five incentives for new development: • 25% Reduction in the City’s Capital Facilities Fees • 50% Rebate of the City’s Portion of Real Estate Property Taxes for Three Years • 50% Rebate of the City’s Portion of Sales Taxes for Three Years • 21 Day Administrative Approval for Permitting • A Reduction or Elimination of City Fees Under Certain Criteria
PROPERTY TAXES
| Parcel Number | 394-042-05 | Improvements Assessment | £0 |
| Land Assessment | £559,200 | Total Assessment | £559,200 |
PROPERTY TAXES
ZONING
| Zoning Code | CH (Commercial) |
| CH (Commercial) |
