Lobo Avenue, Merced, California 95348
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$2,400,000 USD

Land for Sale, Lobo Avenue, Merced, California 95348

  • MLS#374015455
  • 99,148 m² (1,067,220 ft²)

Listed By Homesmart PV & Assoc., Merced

The Land for Sale located at Lobo Avenue, Merced, California 95348 is currently for sale. Lobo Avenue, Merced, California 95348 is listed for $2,400,000.

Date Updated : Mar 5, 2025
Homesmart PV & Assoc., Merced

Property features

Lot/Land

  • Land/Lot size: 99,148 m² (1,067,220 ft²)

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.

Location

Lobo Avenue, Merced, California 95348

Lobo Avenue, Merced, California 95348