259 Swanson RdManteca, CA 95337

This exceptional 5.23-acre property in Manteca, California, presents a compelling investment opportunity for developers seeking to capitalize on the burgeoning multifamily housing market. Located at 259 Swanson Road, this parcel is zoned for medium-density residential development, potentially allowing for the construction of 15 or more units per acre, including duplexes, triplexes, or townhouses. The property's strategic location on the border of Manteca and Lathrop offers convenient access to Highway 120 and Interstate 5, enhancing its appeal and accessibility. Currently, the site includes a substantial 3,500 square foot industrial-grade shop equipped with 220V, 3-phase power, and a residence that could be renovated or removed to accommodate new construction. While currently utilizing a septic system, sewer and other utilities are readily available at the street, simplifying future upgrades. The property's potential is further underscored by the ongoing low and medium-density development immediately to the north. The asking price is $5,000,000. The property features two buildings, built in 1957, with a total square footage of 1,322 square feet, and the APN is 198-170-03. Prospective buyers are advised to independently verify development details with the City of Manteca Planning Department. This is a rare opportunity to acquire a significant parcel of land in a high-growth area with excellent potential for substantial returns.