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305 Portico Drive

Merced, CA 95348
  • $7,500,000
  • STATUS: Pending
  • ON SITE: 335 days
  • ID#: MC20146569
Pending
UPDATED: 143 min ago
$7,500,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-23T23:39:21.783. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/108173244
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305 Portico Drive Merced, CA 95348

  • Price: $7,500,000
  • Status: Pending
  • Updated: 143 min ago
  • ID#: MC20146569
0
Beds
0
Baths
0
½ Baths
0.08
Acres
County:
Merced
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.
Exterior Features

Fencing None Lot Features 0-1 Unit/Acre36-40 Units/Acre Road Frontage Type City Street Road Surface Type Paved Sign On Property YN Yes View Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features CurbsGutter(S)Street LightsSidewalks Current Financing None Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Rp-D

Listing provided courtesy of Kelly Hasko of Realty Executives Of Merced


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-23T23:39:21.783. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
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