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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.
    62 days
    on Zillow
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    40
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    Zillow last checked: 7 hours ago

    Listing updated: March 03, 2025 at 10:44pm

    Listing Provided by:

    Monica Franks DRE #01269788 209-345-3836,

    Homesmart PV & Assoc., Merced

    Source: CRMLS,MLS#: MC25044845MLS LogoOriginating MLS: California Regional MLS
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    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 24.5 Acres
    • Features: 21-25 Units/Acre
    Details
    • Additional parcels included: 057390008
    • Parcel number: 057390007
    • Zoning: R-1
    • Special conditions: Trust

    Utilities & green energy

    • Water: See Remarks

    Community & HOA

    Community
    • Features: Rural
    HOA
    • Has HOA: No
    Location
    • Region: Merced

    Financial & listing details

    • Date on market: 3/1/2025
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