543 Mercey Springs Rd Los Banos, CA 93635
- Land
- 5.00 lot acres
Current Use by Public Records
- Land
Property Details for 543 Mercey Springs Rd
- Lot size
- 5.00 lot acres
- Property type
- Land
Description
This exceptional 5-acre parcel, located at 543 N Mercey Springs Rd, Los Banos, CA 93635 (APN 082-030-051-000), presents a remarkable opportunity for residential development. Zoned R-3, this property allows for a wide variety of multi-family dwelling units, including apartments and condominiums, catering to the growing community's needs. Situated within city limits, the land boasts approximately 495.30 feet of highway frontage along Highway 165, ensuring excellent visibility and accessibility. The asking price is $1,750,000. Given the continuous growth of Los Banos and the advantageous R-3 zoning, this site is perfectly positioned for a lucrative medium-density residential project. The expansive lot size provides ample space for a substantial development, making it an attractive investment for builders and developers seeking a prime location in a thriving California community. Merced County location offers convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a significant land holding in a desirable area with high development potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Banos
- County
- Merced
- State
- California
- Longitude
- -120.835
- Latitude
- 37.0784
