1619 Sycamore AveAtwater, CA 95301

Property Details for 1619 Sycamore Ave

Lot size

2.40 AC

Property type

Land

Property subtype

Commercial land

APN

001-146-013-000

APU

1146013000

Description

This exceptional investment opportunity presents a fully entitled and approved self-storage development in Atwater, CA. Situated on ±2.89 acres at 1619 Sycamore Ave (APN 001-146-013, 001-146-017), this project boasts a total of 757 units within approximately 90,124 square feet of building space. The development plan includes two buildings: a single-story structure of approximately 111,638 square feet and a two-story structure of approximately 78,486 square feet. A significant portion (approximately 76%) of the units are climate-controlled, catering to a wide range of storage needs. The property is zoned BP (Business Park) and benefits from a Conditional Use Permit issued in March 2023, along with an exempt CEQA status. This turnkey project offers immediate development potential, capitalizing on the high demand for self-storage in the area. The asking price is $2,900,000. This prime location in Merced County, with its convenient access and strong market fundamentals, makes this an attractive investment for owner-users or developers seeking a high-return opportunity. The average unit size is 79.94 sq ft (climate-controlled) and 194.61 sq ft (non-climate controlled). All necessary approvals are in place, making this a truly exceptional opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $26,264,186

  Hospitality

  $24,057,852

  Educational

  $20,015,850

  Medical

  $20,704,226

  Retail

  $31,135,768

Location Insight

City

Atwater

County

Merced

State

California

Latitude

37.3466

Longitude

-120.615

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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