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0 W Pacheco Blvd - Hwy 152 @ Merced College 70.37 Acres of Commercial Land Offered at $14,066,000 in Los Banos, CA 93635
INVESTMENT HIGHLIGHTS
- Located next to the Merced College Campus
- At the entrance of the newly planned arterial bypass
- The city plans a by-pass arterial that will proceed to the south to Pioneer Road and connect with Mercy Springs Road to the east.
- Signalized Intersection
- Western gateway exposure to the City of Los Banos
EXECUTIVE SUMMARY
City of Los Banos Planning Department would like to see Job Creating uses on the site along with some housing. The City of Los Banos has designated this area as "Employment
Lands". Although the property is not currently within the city limits, the Planning Department has expressed an interest in seeing a medical campus on the site along with other "white" and "grey" collar job producing uses. The City of Los Banos has expressed a strong interest in annexing the parcel into the city with the commitment of its' desired uses on the property. The immediate parcel to the east is the newly constructed Merced College campus. The Pacheco Partners Land is ideally situated in the path of
growth for the City of Los Banos and can benefit immensely from the close connection of city services, while having great access to all parts of city via the newly planned arterial by-pass.
Lands". Although the property is not currently within the city limits, the Planning Department has expressed an interest in seeing a medical campus on the site along with other "white" and "grey" collar job producing uses. The City of Los Banos has expressed a strong interest in annexing the parcel into the city with the commitment of its' desired uses on the property. The immediate parcel to the east is the newly constructed Merced College campus. The Pacheco Partners Land is ideally situated in the path of
growth for the City of Los Banos and can benefit immensely from the close connection of city services, while having great access to all parts of city via the newly planned arterial by-pass.
PROPERTY FACTS
| Price | $14,066,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 70.37 AC |
| Property Type | Land | ||
| Zoning | Agriculture | ||
| Price | $14,066,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 70.37 AC |
| Zoning | Agriculture |
1 LOT AVAILABLE
Lot
| Price | $14,066,000 | Lot Size | 70.37 AC |
| Price Per AC | $199,886.32 |
| Price | $14,066,000 |
| Price Per AC | $199,886.32 |
| Lot Size | 70.37 AC |
Approximately 70.37 just outside the city limits of the City of Los Banos. All city utilities have been brought to the nearby parcel where Merced College is located. Ideally located for a medical campus and senior housing.
DESCRIPTION
The city would like to see a medical campus with complimentary senior housing and other complimentary commercial uses. The city plans a by-pass arterial that will proceed to the south to Pioneer Road and connect with Mercy Springs Road to the east. This by-pass is intended to avoid the heavy congestion on Pacheco Blvd.
PROPERTY TAXES
| Parcel Number | 081-150-049 | Improvements Assessment | $0 |
| Land Assessment | $3,002,827 | Total Assessment | $3,002,827 |
PROPERTY TAXES
Parcel Number
081-150-049
Land Assessment
$3,002,827
Improvements Assessment
$0
Total Assessment
$3,002,827
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0 W Pacheco Blvd - Hwy 152 @ Merced College
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