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    429 Merced St Planada, CA 95365

    Sponsored
    For Sale
    $249,500

    ±3.4 Acres, 36-Lot Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ±3.408-acre parcel in Planada, CA, presents a prime opportunity for residential development. The property, comprised of two parcels (APN: 037-080-029, 025), offers ±3.408 acres of shovel-ready land with a pre-approved subdivision plan for 36 single-family home sites. Existing infrastructure includes three paid city sewer connections and road access from neighboring developments, significantly reducing development costs and timelines. Located at 429 Merced St, Planada, CA 95365 (37.2942702, -120.311004), this strategically located land benefits from its proximity to established residential areas, convenient access to US Highway 140, and its position within Merced County, California's fastest-growing county. The Planada area boasts a population of approximately 4,584, and the property is just 9 miles east of Merced and 12 miles south of UC Merced. The site's central location and easy access make it highly attractive for developers. Furthermore, the property is adjacent to a proposed new high school and additional land is available for purchase next door, offering expansion potential. This is a rare opportunity to capitalize on the burgeoning residential market in a rapidly growing area. The asking price is $249,500.

    Property Features for 429 Merced St

    General Information

    Property type
    Multifamily properties
    Lot Size
    148,452 SF

    HighLights

    • 36‑lot single‑family residential (SFR) home site subdivision.
    • 3.408‑acre vacant land parcel, ideal for development.
    • Developer‑ready parcel, free and clear of encumbrances.
    • Located 9 miles east of Merced, CA and 29 miles north of Madera, CA.
    • Excellent highway access and central location.
    • Near existing residential communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Windshield Repair Today ... Auto Repair Shop

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Skin Care Clinic Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Planada
    County
    Merced
    State
    California
    Longitude
    -120.311004
    Latitude
    37.2942702

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - ±3.4 Acres, 36-Lot Potential
    Where is this multifamily property located?
    The property is located at 429 Merced St Planada, CA.
    What is the asking price?
    The asking price for this property is $249,500.
    What are key features of this property?
    This property features: 36-lot single-family residential (SFR) home site subdivision.; 3.408-acre vacant land parcel, ideal for development.; Developer-ready parcel, free and clear of encumbrances.
    Request Owner's contact information
    429 Merced St Planada, CA 95365
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    429 Merced St Planada, CA 95365
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