Lot/land
  • Listing Provided by: 

    Monica Franks DRE #01269788 209-345-3836,

    Homesmart PV & Assoc., Merced

    $2,400,000

    2577 Lobo Ave #1, Merced, CA 95348

    --beds
    --baths
    24.5Acres
    Unimproved Land
    Built in ----
    24.5 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Long-term residential development potential
    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.
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