For Sale
$2,900,000

1619 Sycamore AveAtwater, CA 95301

Approved 757-unit self-storage facility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully entitled and approved self-storage development in Atwater, CA. Situated on ±2.89 acres at 1619 Sycamore Ave (APN 001-146-013, 001-146-017), this project boasts a total of 757 units within approximately 90,124 square feet of building space. The development plan includes two buildings: a single-story structure of approximately 111,638 square feet and a two-story structure of approximately 78,486 square feet. A significant portion (approximately 76%) of the units are climate-controlled, catering to a wide range of storage needs. The property is zoned BP (Business Park) and benefits from a Conditional Use Permit issued in March 2023, along with an exempt CEQA status. This turnkey project offers immediate development potential, capitalizing on the high demand for self-storage in the area. The asking price is $2,900,000. This prime location in Merced County, with its convenient access and strong market fundamentals, makes this an attractive investment for owner-users or developers seeking a high-return opportunity. The average unit size is 79.94 sq ft (climate-controlled) and 194.61 sq ft (non-climate controlled). All necessary approvals are in place, making this a truly exceptional opportunity.

Highlights

  • ±90,124 SF total building area
  • Building A: ±111,638 SF, one-story
  • Building B: ±78,486 SF, two-story
  • 757 total units
  • Average unit size: 79.94 SF (climate-controlled); 194.61 SF (non-climate controlled)
  • ±76.2% climate-controlled units (577 units)

Property Details for 1619 Sycamore Ave

Property type
Mixed-use properties, Land
Square Feet
90,124 SF
Buildings
2
Lot Size (sq. ft)
125,888 SF
Units
757

Location Insight

City
Atwater
County
Merced
State
California
Latitude
37.345742385312
Longitude
-120.61429552828
1619 Sycamore Ave, Atwater, California

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1619 Sycamore Ave
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