2577 Lobo Avenue, Merced, CA 95348
- $2,400,000
- List Price
- $2,400,000
- Price Change
- ▼ $21,600,000 1740917606
- Status
- ACTIVE
- MLS#
- MC25044845
- Lot Size
- 1,067,220
- Acres
- 24.50
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 515
- Property Type
- Land
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.
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Additional Information
- View
- Neighborhood
- Water
- See Remarks
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Monica Franks (cntrlvallyagent@aol.com) from Listing Office: Homesmart PV & Assoc., Merced.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.