Exciting New Development Investment Opportunity in Reedley! Zoned for residential use this 2.65-acre property has the potential to accommodate up to (19 apartments per acre) or an (estimated) 40-60 apartment units.Prime location conveniently located within City of Reedley's sphere of influence. The property is zoned RM-2 typically designates Multiple-Family residential districts, designed to allow moderate-density housing such as townhouses, duplexes and apartment buildings and acts as a transition between high-density commercial areas and lower density single-family neighborhoods. Positioned directly in front of Mueller Park, Reedley Community Center, Grant Middle School, shopping and dining out are just a few highlights as well as offering education and recreation making this a perfect location for a new development.Please note, the address provided is an estimate, as the property has not been assigned a formal address, buyer to verify all information including zoning and development potential. Property is sold as is.Opportunities like this one are rare and a valuable opportunity for future development or long-term investment! Schedule your showing today!
Reedley is located in California. Reedley, California has a population of 25,168. Reedley is more family-centric than the surrounding county with 40.27% of the households containing married families with children. The county average for households married with children is 32.95%.
The median household income in Reedley, California is $55,498. The median household income for the surrounding county is $61,276 compared to the national median of $69,021. The median age of people living in Reedley is 29.9 years.
The average high temperature in July is 96.3 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 11.8 inches per year, with 0 inches of snow per year.
