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.
Lot/land
Listed by: Homesmart PV & Assoc., Merced • Monica Franks • Contact: 209-544-2500
$2,400,000
2577 Lobo Ave #1, Merced, CA 95348
--beds
--baths
24.5Acres
Unimproved Land
Built in ----
24.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Long-term residential development potential
- 492 days |
- 22 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Monica Franks DRE #01269788 209-345-3836,
Homesmart PV & Assoc., Merced
Source: CRMLS,MLS#: MC25044845
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 24.5 Acres
- Features: 21-25 Units/Acre
Details
- Additional parcels included: 057390008
- Parcel number: 057390007
- Zoning: R-1
- Special conditions: Trust
Utilities & green energy
- Water: See Remarks
Community & HOA
Community
- Features: Rural
Location
- Region: Merced
Financial & listing details
- Date on market: 3/1/2025
- Cumulative days on market: 492 days
- Listing terms: Cash to New Loan,Contract,Owner Will Carry,Submit
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2025 | Listed for sale | $2,400,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 95348
Nearby schools
GreatSchools rating
- 5/10Joe Stefani Elementary SchoolGrades: 3-6Distance: 0.6 mi
- 3/10Rudolph Rivera Middle SchoolGrades: 7-8Distance: 2.7 mi
- 6/10Buhach Colony High SchoolGrades: 9-12Distance: 3 mi
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Merced County
- Merced
- 95348
- 2577 Lobo Ave Unit 1




