2577 Lobo AVE, Merced, CA 95348
2577 Lobo AVE, Merced, CA 95348
2577 Lobo AVE, Merced, CA 95348
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,400,000
Est. payment /mo
24.5 Acres Lot
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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

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Listed by Monica Franks Homesmart PV & Assoc., Merced 209-345-3836, DRE #01269788

NEARBY SCHOOL & BUSINESS

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