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Bellvue Rd & Redwood Ave - 148 Unit Senior Houisng Project 6.21 Acres of Residential Land Offered at $3,698,217 CAD 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 | $3,698,217 CAD | 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 | $3,698,217 CAD |
| 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 | $3,698,217 CAD | Lot Size | 6.21 AC |
| Price Per AC | $595,526.07 CAD |
| Price | $3,698,217 CAD |
| Price Per AC | $595,526.07 CAD |
| Lot Size | 6.21 AC |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 150-190-038 | Improvements Assessment | $48,502 CAD |
| Land Assessment | $871,827 CAD | Total Assessment | $920,329 CAD |
Property Taxes
Parcel Number
150-190-038
Land Assessment
$871,827 CAD
Improvements Assessment
$48,502 CAD
Total Assessment
$920,329 CAD
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Bellvue Rd & Redwood Ave - 148 Unit Senior Houisng Project
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