1619 Sycamore Ave Atwater, CA 95301-3945
- Commercial land
- 2.40 lot acres
May 20, 2022
Current Use by Public Records
- Krispy Krunchy Chicken / Chicken Restaurant / Restaurant
- 76 / Gas Station
- Circle K / Gas Station / Atm
- La Guanaquita Pupusas / Restaurant
Property Details for 1619 Sycamore Ave
- Lot size
- 2.40 lot acres
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atwater
- County
- Merced
- State
- California
- Longitude
- -120.615
- Latitude
- 37.3466
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA
