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    FOR SALE
    Commercial land

    Mission Ave Merced, CA 95341

    Individually Owned 5-yr Hold
    Property ID
    US09-2743040
    Mission Ave, Merced, CA 95341 For Sale 1 / 207
    $2,812,500
    Mission Ave, Merced, CA 95341
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    Property summary
    AI-generated overview

    SELLER WILL CONSIDER SELLER FINANCING. This 22.5+/-acre parcel is part of a 161+/- acre family ranch in the path of development and the City of Merced's Sphere Of Influence, which could be purchased together or separately. It is strategically located w/in close proximity to Hwy 99 and the newly developed Campus Expressway overpass, a direct route to UC Merced. The property is also located within the "Merced Vision 2030" SUDP Boundary, making it well positioned for future growth demand. Future possibilities could include commercial, industrial or residential development for this underserved market area. Also, in close proximity is the Gateway Marketplace, the newest regional commercial development project currently underway. The Gateway Marketplace includes major retailers such as Tractor Supply, Starbucks, McDonalds, Arco, Chevron and a Hilton Hotel/Convention Center. The city of Merced just broke ground on a 40-acre sports complex just down Mission Ave, dubbed Community Park 42, a major REGIONAL sports complex, allowing for large scale tournaments, concerts, and events. Land running along Mission Ave is quickly becoming the object of attention as residential communities and city infrastructure is being brought further south to accommodate the city's massive growth and grossly underserved commercial/industrial/residential needs. This parcel is also adjacent to Yosemite Wholesale, a 220,000SF distribution warehouse. As the city of Merced determines its need for commercial, industrial and residential land necessary to accommodate its quickly growing population and a growing U

    Property profile
    Verified
    Property type Commercial land
    UPID US09-2743040
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Ronda S Bohner · 5 yrs held
    Ronda S Bohner
    since 2020
    1 recorded transaction
    2020
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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