342 Olive Ave - V O P: Site 25 (1 remaining) 5.18 Acres of Residential Land in Patterson, CA 95363

The remaining portion of Site 25 (5.18 acres) are zoned Medium Density Residential which allows 5-12 units to the acre at Olive and Hartley. The site also enjoys being in an Opportunity Zone. The parcel is located in a 692 acre master plan development called The Villages of Patterson (VOP). - In the last 10 years, Patterson has experienced some of the highest 'home appreciation' of any community in the nation - 11.81% annually. That puts Patterson in the top 10% nationwide. - Looking at the past 12 months, Patterson appreciation rates are at 19.24% which is higher than over 90% of the cities and towns in America. - 6.5 million SF of commercial property has been built between 2011-2018. This represents approximately 4,300 new jobs which includes Restoration Hardware and an Amazon fulfillment facility. - New industries in Patterson include Amazon (1 Million SF facility), Restoration Hardware (1.5 million SF site), CVS, Kohls, Grainger Distribution centers, Traina Foods, and other major employers. - Patterson has enjoyed many new retail services including Walmart, Grocery Outlet, Save Mart and Walgreens, as well as many new restaurants, coffee shops, the new Hampton Hotel, and multiple banks. - According to Redfin, Patterson's average home sales price increased +42% in the last 24 months. The sales activity has increased over 65%. Most homes receive multiple offers, often with waived contingencies, and sell within 8 - 10 days.