1 of 37

Want to see this property?

2577 Lobo Avenue

Merced, CA 95348

– beds
– baths
– sqft
~25 acre lot
– on site

OWN YOUR TOMORROW IN MERCED!!! Unlock an exceptional investment opportunity with this 24.5-acre property, offering prime Highway 99 visibility within 15 minutes of UC Merced, one of the fastest-growing universities in California. With 5 acres designated for General Commercial use in the General Plan, and commercial on both sides, this site is perfect for retail centers, office spaces, or mixed-use developments, capitalizing on the high-traffic exposure from Highway 99 and the expanding student and residential population. The remaining 19.5 acres are zoned R1, offering long-term residential development potential in a market that is booming due to university-driven economic growth, and a housing shortage in the area. Whether you’re looking to build now or hold for future appreciation, this property provides a versatile investment with multiple possibilities for revenue streams. As UC Merced continues to expand enrollment and research facilities, the demand for housing, retail, and services will only increase, making this a prime opportunity for forward-thinking investors and developers. The property is currently leased for seasonal agricultural land crops with MID water access.

Listed By CRMLS_CA / Monica Franks / Homesmart PV & Assoc., Merced / 209-345-3836

Last checked: Checking… • Last updated Mar 4, 2025 •

MLS# MC25044845 —

This property is listed in more than one place. See it here.

The Building

New Construction:

No

Location

Directions:

The property can be accessed on Lobo Just west of Wolf Street and Ashby just east of 2058 Ashby Rd. Cali Bros Truck Lines
Latitude:

37.32086200
Longitude:

-120.53222000

The Property

Property Type:

Land
Zoning:

R-1
Lot Features:

21-25 Units/Acre
Lot Size Area:

24.5000
Lot Size Acres:

24.5000
Lot Size SqFt:

1067220.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Current Use Comments:

Currently leased seasonally for ground crops using MID water.
Current Use:

Agricultural
Possible Use:

General Plan zoning shows General Commercial on front 5 acres of 2nd parcel. Adjacent to a commercial trucking company and a mobile home park on the Ashby/HWY 99 side, and residential homes on the Loba Avenue side.
Possible Use:

Agricultural, Buyer to verify, Residential, See Remarks
Additional Parcels:

No
Additional Parcels Description:

057390008
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

9.03
Tax Lot:

1

The Listing

Special Listing Conditions:

Trust
Parcel Number:

057390007

Utilities

Water Source:

See Remarks

The Community

Features:

Rural
Association:

No
Senior Community:

No
Distance To Water Comments:

MID in use

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/1/25 Mar 1, 2025	Price Changed	CRMLS_CA	$2,400,000	-90.0%
3/1/25 Mar 1, 2025	Listed / Active	CRMLS_CA	$24,000,000

Want a closer look?

Go see 2577 Lobo Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Franklin, CA

Similar sold homes

This land located in Franklin, CA 95348 is currently for sale for $2,400,000. 2577 Lobo Avenue is a – square foot land with – beds and – baths that has been on Estately for 45 days. This land is in the attendance area of Franklin Elementary School, Buhach Colony High School, and Rudolph Rivera Middle School.

Listing Courtesy of: CRMLS_CA and Homesmart PV & Assoc., Merced. Based on information from California Regional Multiple Listing Service, Inc. as of 15:36 on Apr 15.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.