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Listed by Monica Franks • Homesmart PV & Assoc., Merced
$ 2,400,000
Est. payment /mo
Active
2577 Lobo Avenue Merced, CA 95348
1,067,220 SqFt
UPDATED:
03/04/2025 10:38 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,067,220 sqft
Price per Sqft $2
MLS Listing ID CRMC25044845
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 24.500 Acres
Property Sub-Type Unimproved 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.
Location
State CA
County Merced
Interior
Fireplace No
Exterior
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