2577 Lobo AVE, Merced, CA 95348

$2,400,000

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Listed by Monica Franks, 209-544-2500 from Homesmart PV & Assoc., Merced
(If provided) CoList: from

List Price
$2,400,000
Price Change
▼ $21,600,000 1740917703
MLS#
CRMC25044845
Status
ACTIVE
Zoning
D5
Lot Size
24

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.

Additional Information

Acres
24.50
Lot Size
24
Unincorporated Yn
Yes
View
Neighborhood View
Zoning
D5

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