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305 Portico DR Merced, CA 95348
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Key Details
Sold Price $6,800,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,942
MLS Listing ID MC20146569
Sold Date 04/29/22
HOA Y/N No
Lot Size 3,497 Sqft
Acres 0.0803
Property Description
136 Finished Lots - All lots have utilities and are ready to build per buyer's own plans and subject to City approval plus 6 models are completed and permitted for use as rentals. All units currently rented out on a month to month agreement with tenants. Buyer would be required to change the commercial zone back to residential zone on 57 lots to be all residential community. Commercial Zoning from residential to commercial use and fees paid with proposed plan only. Buyer to create actual plans and obtain City approval. Approximately 57 lots would need to be removed to build a commercial complex with 2 buildings, parking lot and area including drain basin.
Location
State CA
County Merced
Zoning RP-D
Exterior
Fence None
Community Features Curbs, Gutters, Sidewalks, Street Lights
View Y/N 1
View Neighborhood
Building
Lot Description 0-1 Unit/Acre, 36-40 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
SIGN ON PROPERTY 1
TERMS Cash,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,See Remarks
SHOW CONTACT NAME Kelly Hasko
SHOW CONTACT PH 2094951263
SHOW INSTRUCTIONS Call Listing agent directly.
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Bought with Realty Executives Of Merced