2644 Morrill Rd - 48-Unit Shovel-Ready Multifamily Project 2.4 Acres of Residential Land Offered at $2,232,320 CAD in Riverbank, CA 95367

2644 Morrill Rd presents a rare opportunity to acquire a shovel-ready multifamily project in the growing City of Riverbank. The property consists of approximately ±2.40 acres of infill land zoned R-3 and fully entitled for a 48-unit apartment community. Project approvals & entitlement have been issued, and the complete plan set is included with the listing, including the approved site plan, floor plans, and elevations.
The proposed development features an efficient unit mix and a thoughtfully designed site plan that supports strong livability, circulation, and parking. The parcel is cleared and mostly level, positioned just off Patterson Rd with convenient access to SR-108 and connectivity to Riverbank’s primary retail, services, schools, and major employment centers throughout the greater Modesto area.
Riverbank continues to see strong housing demand supported by regional population growth, limited new apartment supply, and relative affordability compared to larger nearby markets. A buyer can take advantage of the work already completed and move efficiently toward permits and vertical construction, accelerating the overall development timeline.
This offering is well-suited for merchant builders, build-to-rent operators, and long-term investors seeking entitled land with meaningful value already created. The offering memorandum, entitlement documentation, approved plans, and supporting due diligence materials are attached to the listing.
For additional information, please contact the listing agent.