2.5 acre parcel in the city limits with great development potential. Currently zoned R-1 but the site would be perfect for patio homes, townhouses or condominiums. Subject to zone change, the parcel could easily accommodate 20 units and there is currently strong demand for duplexes and other high density residential development in Merced. UC faculty, retirees and busy professionals all find low maintenance housing very appealing, especially this close to UC Merced, Merced Community College, Mercy Hospital, medical and other professional offices, restaurants, shopping and fitness facilities. There is a small 2 bedroom, 1 bath residence on the property that is occupied by long tern tenants but the residence is not a significant portion of the value. The real value is in the land and the development potential. The City of Merced has recently approved lot splits and mixed use development on other McKee Avenue parcels that are in very close proximity to this parcel. The parcel is adjacent to new single family development at the eastern boundary and the Seller is in possession of a current survey. One or more adjacent 2.5 acre parcels may be available for purchase in the future. Call for more details. Water to residence is from private well but City water and sewer services are available. Property also has Merced Irrigation water entitlements.
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