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Bellvue Rd & Redwood Ave - 148 Unit Senior Houisng Project 6.21 Acres of Residential Land Offered at $2,700,000 in Atwater, CA 95301
INVESTMENT HIGHLIGHTS
- Located adjacent to a major commercial corridor with 9,194 ADT
- Ideal size for Multi-Family development
- The Atwater Economic Development Department has indicated that there is a need for Multi-Family housing
- Improved driveway on Bellevue Rd
- Centrally located in Atwater, with the highest population density in the city
- Could possibly be rezoned to Commercial
EXECUTIVE SUMMARY
Multifamily Land With Commercial Rezone Potential
The subject property is a ±6.21 acre parcel centrally located off of the busiest commercial corridor in
Atwater, CA (Merced County). This site has direct access from Bellevue Rd with an improved driveway.
Previously approved for a 148 unit senior housing project, the subject property is located between major
commercial and residential developments.
The property is relatively flat land with some degree of grading. Bellevue Rd. is a main arterial thoroughfare
that connects with CA State Highway 99. There is an inventory shortage for multi-family units in Atwater which makes this an ideal site.
Located adjacent to a major commercial corridor with 9,194 ADT (a high number for Atwater).
The subject property is a ±6.21 acre parcel centrally located off of the busiest commercial corridor in
Atwater, CA (Merced County). This site has direct access from Bellevue Rd with an improved driveway.
Previously approved for a 148 unit senior housing project, the subject property is located between major
commercial and residential developments.
The property is relatively flat land with some degree of grading. Bellevue Rd. is a main arterial thoroughfare
that connects with CA State Highway 99. There is an inventory shortage for multi-family units in Atwater which makes this an ideal site.
Located adjacent to a major commercial corridor with 9,194 ADT (a high number for Atwater).
PROPERTY FACTS
| Price | $2,700,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | P-D 4 | ||
| Price | $2,700,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 6.21 AC |
| Opportunity Zone |
Yes |
| Zoning | P-D 4 |
1 LOT AVAILABLE
Lot 1
| Price | $2,700,000 | Lot Size | 6.21 AC |
| Price Per AC | $434,782.61 |
| Price | $2,700,000 |
| Price Per AC | $434,782.61 |
| Lot Size | 6.21 AC |
1 1
PROPERTY TAXES
| Parcel Number | 150-190-038 | Improvements Assessment | $35,235 |
| Land Assessment | $633,351 | Total Assessment | $668,586 |
PROPERTY TAXES
Parcel Number
150-190-038
Land Assessment
$633,351
Improvements Assessment
$35,235
Total Assessment
$668,586
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Bellvue Rd & Redwood Ave - 148 Unit Senior Houisng Project
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