$2,400,000
About this home
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.
Facts & features
- Lot size
- 24.5 acres (1,067,220 sq ft)
- View
- Neighborhood
- County
- Merced
- Community features
- Rural
- Status
- Active
- Property type
- Land
- Days on market
- 3
- Listed
- 2025-02-28
- Original price
- $24,000,000
- Terms
- Cash To New Loan, Contract, Owner Will Carry, Submit
- Parcel #
- 057390007
- MLS #
- MC25044845
