Listed by Newmark - Sacramento
$14,900,000
Merced Gateway Marketplace
Details
APN 061-670-007; 061-670-017
Property Type Land
Sub Type Commercial
Acreage 10.85 - 31.76
Zoning Commercial PD
Land
Investment highlights
- The asset is fully entitled as a PD (Planned Development) for retail commercial development
- Offsite improvement costs including all backbone infrastructure to service the asset to bring the property to “shovel ready” condition are approximately $3.9 million per the project engineer’s current cost breakdown estimate
- Dedicated ingress/ egress points onto and off of Campus Parkway are preapproved by the governing jurisdictions
- Cost sharing agreements for shared backbone infrastructure with contiguous benefiting landowners are negotiated
- There are no flood plain designations or otherwise which would require importing fill dirt to balance or otherwise develop the asset
- There are no physical or political encumbrances affecting the asset
- There are no environmental issues affecting the asset requiring remediation or mitigation
- Marketable title is clean and deliverable to a buyer
- Excellent visibility from Highway-99 with freeway pylon signage
- Planned and new residential developments processing contiguous to the north, east and south of the asset
- A number of major retailers looking to enter the Merced market; multiple standing retailer Letters of Intent deliverable
- High Speed Rail line station is proposed for downtown Merced
Listing Contacts
Listed by Newmark - Sacramento
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