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$12,000,000

Est. payment - /mo

161.52 Acres Lot

Active

2246 E Mission AVE Merced, CA 95341

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID MC23188559

HOA Y/N No

Land Lease Amount 36000.0

Lot Size 161.520 Acres

Property Description

161.52+/- acres of future development land in South East Merced. Strategically located within close proximity to Hwy 99 and the newly developed Campus Expressway overpass, a direct route to UC Merced. The property is also located within the City's General Plan, making it well positioned for future growth demand. Future possibilities could include commercial, industrial or residential development for this underserved market area. The Gateway Marketplace is the newest regional commercial development project currently underway. Gateway is located just on the opposite side of the freeway which includes major retailers such as Tractor Supply, Starbucks, Mcdonalds, Arco, Chevron and a coming soon Hilton Hotel with a convention center. The city of Merced just broke ground on a 40-acre sports complex just down Mission Ave, dubbed Community Park 42, which will house an array of sport fields and courts, along with lighting to allow for large scale tournaments, concerts, and events. Land running along Mission Ave is quickly becoming the object of attention as residential communities and city infrastructure is being brought further south to accommodate the city's massive growth and grossly underserved commercial/industrial/residential needs. The acreage is also adjacent to Yosemite Wholesale, a 220,000 sqft distribution warehouse that recently acquired the parcel between their existing property, and our subject land. As the city of Merced determines its need for commercial, industrial and residential land necessary to accommodate it's quickly growing population and a growing UC Merced, this could be the best timing to acquire development land.

Location

State CA

County Merced

Zoning A-1

Interior

Fireplace No

Exterior

Fence None

Community Features Rural

Utilities Available Electricity Connected, Propane, Phone Connected, Water Connected

View Y/N Yes

View Mountain(s), Orchard, Panoramic, Pasture

Present Use Agricultural,Residential

Building

Lot Description Agricultural, Lot Over 40000 Sqft, Value In Land, Mineral Rights

Sewer Septic Type Unknown

Water Agricultural Well, Well

New Construction No

Others

Senior Community No

Tax ID 066031003000

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Trust

Virtual Tour https://www.wellcomemat.com/mls/5560af85ffe51lgqn

Listed by Mathew Madruga EXP Realty of California, INC 949-514-9100

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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