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$ 2,400,000
Est. payment /mo
Price Dropped by $21.6M
2577 Lobo AVE Merced, CA 95348
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC25044845
HOA Y/N No
Lot Size 24.500 Acres
Property Description
OWN YOUR TOMORROW IN MERCED!!! Unlock an exceptional investment opportunity with this 24.5-acre property, offering prime Highway 99 visibility within 15 minutes of UC Merced, one of the fastest-growing universities in California. With 5 acres designated for General Commercial use in the General Plan, and commercial on both sides, this site is perfect for retail centers, office spaces, or mixed-use developments, capitalizing on the high-traffic exposure from Highway 99 and the expanding student and residential population. The remaining 19.5 acres are zoned R1, offering long-term residential development potential in a market that is booming due to university-driven economic growth, and a housing shortage in the area. Whether you're looking to build now or hold for future appreciation, this property provides a versatile investment with multiple possibilities for revenue streams. As UC Merced continues to expand enrollment and research facilities, the demand for housing, retail, and services will only increase, making this a prime opportunity for forward-thinking investors and developers. The property is currently leased for seasonal agricultural land crops with MID water access.
Location
State CA
County Merced
Zoning R-1
Interior
Fireplace No
Exterior
Community Features Rural
View Y/N Yes
View Neighborhood
Present Use Agricultural
Building
Lot Description 21-25 Units/Acre
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 057390007
Acceptable Financing Cash to New Loan, Contract, Owner Will Carry, Submit
Listing Terms Cash to New Loan, Contract, Owner Will Carry, Submit
Special Listing Condition Trust
Listed by Monica Franks • Homesmart PV & Assoc., Merced • 209-345-3836
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