429 Merced St Planada, CA 95365

Property Details for 429 Merced St

Lot size

3.41 lot acres

Property type

Commercial real estate

APN

037-080-029, 025

Description

This exceptional ±3.408-acre parcel in Planada, CA, presents a prime opportunity for residential development. The property, comprised of two parcels (APN: 037-080-029, 025), offers ±3.408 acres of shovel-ready land with a pre-approved subdivision plan for 36 single-family home sites. Existing infrastructure includes three paid city sewer connections and road access from neighboring developments, significantly reducing development costs and timelines. Located at 429 Merced St, Planada, CA 95365 (37.2942702, -120.311004), this strategically located land benefits from its proximity to established residential areas, convenient access to US Highway 140, and its position within Merced County, California's fastest-growing county. The Planada area boasts a population of approximately 4,584, and the property is just 9 miles east of Merced and 12 miles south of UC Merced. The site's central location and easy access make it highly attractive for developers. Furthermore, the property is adjacent to a proposed new high school and additional land is available for purchase next door, offering expansion potential. This is a rare opportunity to capitalize on the burgeoning residential market in a rapidly growing area. The asking price is $249,500.

Location Insight

City

Planada

County

Merced

State

California

Longitude

-120.311004

Latitude

37.2942702