$657,500
$575,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
5308 Wallace RD Atwater, CA 95301
11 Acres Lot
Key Details
Sold Price $657,500
Property Type Commercial
Sub Type Commercial Lot
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224041080
Sold Date 10/17/24
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 11.000 Acres
Acres 11.0
Property Description
Instant Income & Future Potential: This 11-acre property in Merced Irrigation District guarantees immediate returns. A portion is leased for a cell tower, yielding significant monthly income, while the rest is leased for sweet potato farming. Total annual income is just over $40,000. Additionally, the parcel is zoned for business park in Atwater, so there's promising potential for future development.
Location
State CA
County Merced
Area 20404
Zoning Business Park
Direction From Santa Fe in Atwater go east on Wallace Rd. Property is on the right side before castle air museum. Cell tower is on the southwest corner of the property. No other structures.
Interior
Equipment None
Exterior
Fence None
Utilities Available See Remarks
Water Access Desc Irrigation District
Topography Mostly Level
Street Surface Paved
Road Frontage City Street, County Road
Building
Lot Description Shape Regular
Sewer None
Water Irrigation District
Schools
Elementary Schools Atwater Elementary
Middle Schools Atwater Elementary
High Schools Merced Union High
School District Merced
Others
Senior Community No
Tax ID 051-040-011-000
Special Listing Condition None
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Bought with Fiorini Real Estate Services