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    305 Portico Drive

    Merced, CA 95348
    • $7,500,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: MC20146569
    UPDATED: 24 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 2020-10-25T12:27:01.653. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/108173244
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    305 Portico Drive Merced, CA 95348

    • Price: $7,500,000
    • Status: Active
    • Updated: 24 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 Lot Size Source Assessor Lot Size Units Square Feet Road Frontage Type City Street Road Surface Type Paved View Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsGuttersSidewalksStreet Lights Country Us Current Financing None Distance To Water Comments 0 Elevation Units Feet Land Lease YN No 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 2020-10-25T12:27:01.653. 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 American Real Estate List & Sell. Licensed in the State of California, USA.

     
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