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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
    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.
    492 days
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    22
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Monica Franks DRE #01269788 209-345-3836,

    Homesmart PV & Assoc., Merced

    Source: CRMLS,MLS#: MC25044845MLS LogoOriginating 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

        DateEventPrice
        3/2/2025Listed for sale$2,400,000
        Source: CRMLS #MC25044845 Report a problem

        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

        Getting around

        17 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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