$1,467,750
For Sale

1557 E Gerard Avenue

Merced, CA 95341
19.57 acres | #MC24179079
Listing OfficeKeller Williams Property Team
Browse 10 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Here is a 19.57 acre walnut ranch with industrial development potential for sale! The Chandler walnuts were planted in 2017 and the ranch is situated in southeast Merced. This parcel is close to city limits and Hwy 99/UC Merced Campus Expressway, an area anticipated for significant growth and development. The city sewer lines are accessible at Gerard Ave, with future City plans to extend additional utilities to Mission Ave to support new developments. The vicinity is experiencing robust expansion near Mission Ave and retail growth at the new Gateway Marketplace by Hwy 99. This land is zoned M-2 for heavy industrial/manufacturing uses and align with the City of Merced's General Plan for industrial development. The irrigation is currently via a double line drip irrigation system and the ranch is within the Merced Irrigation District for access to Class I district water. However, their current irrigation comes from a well situated across the road on the owner's separate ranch. The seller would be open to a well sharing agreement to continue existing irrigation. Make this ranch your homesite or plan for future development! The property is within the Merced Irrigation District-Urban Ground Water Sustainability Agency (MIUGSA). For more information on SGMA, go to www.sgma.water.ca.gov/portal/. The ownership is also open to selling lots other lots together.

  • Property Details
      • Lot DescriptionAgricultural, Orchards, RectangularLot
      • Utility SourceSeeRemarks, SharedWell
      • Utility FeaturesElectricityAvailable
      • Original List Price$1,467,750
      • MLS #MC24179079
      • MLS #MC24179079
      • Property TypePurchase
      • ViewOrchard
      • Cost1467750
      • CountyMerced
      • Acres19.57
      • Property SubtypeLand

Location

Rami ElminoufiReal Estate Group
$
years

Down Payment

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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