3622 State Highway 59 Merced, CA 95348
- Commercial real estate
- 10.73 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3622 State Highway 59
- Lot size
- 10.73 lot acres
- Property type
- Commercial real estate
- APN
- 206-050-017
Description
This exceptional 10.73-acre land parcel in Merced, California, presents a remarkable opportunity for multifamily development. Located at 3622 N State Hwy 59, Merced, CA 95348 (APN 206-050-017), this property is ideally suited for a large-scale project. The site is currently envisioned as an apartment complex, encompassing 18 buildings and a total of 132 units. The existing plan includes a spacious communal facility, enhancing the resident experience. Units are designed with modern amenities in mind, featuring fully equipped kitchens, generously sized bedrooms, and private patios or balconies offering appealing views. Residents will enjoy resort-style community features, including a fitness center, swimming pool, and clubhouse. The property benefits from its convenient location, providing easy access to a wide array of dining, entertainment, and retail establishments, as well as convenient public transportation. This offering is available for a 1031 exchange, making it an attractive investment opportunity. The asking price for this significant development site is $3,900,000. This is a rare chance to acquire a substantial land parcel in a thriving California market, poised for significant growth and return on investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.501768
- Latitude
- 37.335149
