Olive Ave & Sycamore Ave
Patterson, CA 95363
Villages of Patterson: Site 39 · Land For Sale · 18.60 AC

Site 39 (18.6 acres) at Olive and Ashwood is one of two sites available totaling 46.23+/- acres of approved land, sold with tentative map. Zoned Medium Density Res. (5-12 lots per acre) totaling 113 lots (45'x90') with a density of 6.08 units per acre. The parcel is located in a 692 acre master plan development called The Villages of Patterson (VOP). The lots are zoned high, medium or low density residential with a total maximum of 729 lots. - 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 in the last 10 years. 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, CVS, 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.