For Sale
Call for price

0 Lake RdMerced, CA 95341

Prime agricultural land near UC Merced.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 47.7-acre parcel presents a unique development opportunity in Merced, CA. Located directly across Lake Road from the University of California, Merced campus, this property boasts approximately 1,500 feet of Lake Road frontage and offers alternative access via Los Olivos Road. Currently zoned for Planned Development, the land is ideally positioned to benefit from the significant growth spurred by UC Merced's recent $1.3 billion expansion project, which doubled the campus size to 1.2 million square feet and includes new student housing, research facilities, and athletic centers. The university's ambitious goal is to reach 15,000 students by 2030, further solidifying the area's potential. The Merced General Plan designates the area for a mix of low-density residential and mixed-use development (approximately 50% each), allowing for possibilities including multi-family, retail, and office spaces. The City of Merced has shown strong support for development, actively encouraging Planned Development projects. Annexation is underway, facilitated by California Assembly Bill AB 3312. Detailed information regarding City of Merced zoning ordinances for Planned Development standards is readily available. The owner is open to joint venture partnerships with experienced developers and builders. This presents a compelling investment opportunity in a rapidly growing area with strong institutional backing. The property's APN is 060-020-044.

Highlights

  • 47.7-acre development opportunity in Merced, CA, directly across Lake Road from UC Merced.
  • Adjacent to UC Merced's recently completed $1.3 billion expansion, doubling campus size to 1.2 million square feet.
  • Planned Development zoning allows for mixed-use development (approximately 50% residential, 50% mixed-use).
  • UC Merced's projected student growth to 15,000 by 2030 fuels strong demand.
  • APN: 060-020-044.

Property Details for 0 Lake Rd

Property type
Land, Farms
Lot Size (sq. ft)
2,077,812 SF

Location Insight

City
Merced
County
Merced
State
California
Latitude
37.2276426
Longitude
-120.4818446
Lake Rd, Merced, California

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0 Lake Rd
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