Description

We are offering 429 Merced Street in Planada, California, for sale at $249,500. The property is approximately 3.408 acres (about 148,452 square feet) of residential subdivision land in two parcels. That works out to about $73,210 per acre. The site carries Assessor's Parcel Numbers 037-080-029, 037-080-025.

The offering includes two parcels, one of about 0.408 acres and one of about 3 acres, free and clear and shovel ready. The seller has a subdivision plan for 36 single-family home sites, three city sewer connections are already paid for, and roads from neighboring developments lead to the property. Additional land next door is also available to a buyer who wants a larger project.

The site is off the northeast corner of Merced Street and Haskell Avenue, just southeast of Highway 140 and next to the proposed Granada High School. Planada is about 9 miles east of Merced and 12 miles south of UC Merced, with a population of about 4,584, and new residential projects have recently been built or planned in the area. Planada is in Merced County, part of the Merced metropolitan area.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum and the subdivision plan, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.