2577 Lobo Avenue
Merced, CA 95348
$21,600,000.00 (-90%)
Active for $2,400,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 1,067,220 sqft
| MLS | MC25044845 |
| Year Built | |
| Property Type | |
| County | Merced |
| Status | Active |
| Active | $2,400,000 |
| Structure Size | N/A sqft |
| Lot Size | 1,067,220 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Monica Franks, Homesmart PV & Assoc., Merced 209-544-2500. *Based on information from the Association of REALTORS/Multiple Listing as of 04/03/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Lucy Zohrabi
REALTOR®
Direct: 818.731.1266
Email: Email Me
DRE: 02060911
DRE #01873088
.png){kind=small}