Lake Rd Merced, CA 95341
- Land
- 47.70 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lake Rd
- Lot size
- 47.70 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.482
- Latitude
- 37.2276
