This 2.44-acre mixed-use lot offers an incredible investment opportunity with its versatile zoning, existing rental income, and potential for commercial and residential development. With a preliminary site plan suggesting the creation of a vibrant community and amenities, the options for this property are truly limitless. The front portion of the lot is designated as commercial, allowing for a wide range of business ventures. Currently, a thriving tire shop operates on the premises, providing a steady stream of rental income. Adjacent to the tire shop is an abandoned restaurant space, brimming with potential for renovation and reimagining. A mobile home and an RV, both of which generate additional rental income. With the ability to subdivide the residential section into 8 or 9 lots, the potential for building single-family houses is vast. with a vision for high-density residential projects, there is the possibility of converting the zoning to accommodate such plans.
Property Type :
Land
County :
Stanislaus
Style :
Land
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ByOwner last updated this listing 05/15/2024 @ 00:16
MLS: ML81954341
LISTED BY: Mae Liu, BQ Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
