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.
Property Details
Price:
$2,400,000
MLS #:
MC25044845
Status:
Active
Baths:
0
Address:
2577 Lobo Avenue 057390007
Type:
Land
City:
Merced
Listed Date:
Feb 28, 2025
State:
CA
ZIP:
95348
Lot Size:
1,067,220 sqft / 24.50 acres (approx)
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Schools
Interior
Exterior
Community Features
Rural
Lot Features
21-25 Units/ Acre
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- Address2577 Lobo Avenue 057390007 Merced CA
- CityMerced
- CountyMerced
- Zip Code95348
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2577 Lobo Avenue 057390007
Merced, CA
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