For Sale388d on market
1515 E Mission Ave
Merced, CA, 95341 • 95341 • Merced County
$25,000,000
173.6 acLot
Market activity
Demand and pricing signals for this listing
45 views
People checking out this listing
4 saves
Buyers have saved this home
388 days on market
Established listing
About this home
Lot
173 Acres of Prime Development Land at the Gateway to Merced City and UC Merced! This strategic property is positioned for future annexation into Merced City limits, featuring access via a newer highway on/off ramp. The north side of the highway already hosts established commercial businesses, creating momentum for development. The site presents an exceptional opportunity to create your own master-planned project with positive reception from neighboring properties and city agencies, with the possibility of assembling nearby parcels and properties. This premium location borders Highway 99, Union Pacific Railroad, the future California High-Speed Rail corridor, and Mission Ave, the main gateway to UC Merced. Comprising multiple parcels with extensive frontage and high visibility, this property offers unparalleled development potential in a rapidly growing region.
Standout features identified
Our analysis highlights extensive frontage, strategic property, and high visibility as key attractions of this home.
Estimated monthly payment
Based on current rates
$157,833/month
Principal & Interest$124,499
Property Tax$25,000
Insurance$8,333
Down payment20% ($5,000,000)
3%50%
Est. 6.35% rate · 30yr fixed · $20,000,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeAgriculture
Condition0-30 Years Old,31+ Years Old
Systems
Water / SewerAgricultural Well, Domestic Well With Pump, Irrigation District / Standard Septic, See Remarks
Parking & Outdoor
Lot173.55 Acres
Location & Tax
Neighborhood95341
ZoningAg
Annual tax$314
Parcel259160010000
Features & details
2 categories of property features
Exterior Features
Lot Features
Corner Lot
Farm
Split Possible
Utilities
Public
See Remarks
Listing insights
Market data and value estimates
StatusFor Sale
Days on market388
Est. rent$1,594/mo
Tax rate1.07%
On marketMar 14, 2025
PostedMar 14, 2025
MLS statusActive
MLS updatedJan 28, 2026
Tour days6
Views45
Favorites4
How are the schools in Merced?
3 schools rated nearby
Location
Merced, CA, 95341
Price history
1 event
DateEventPrice$/sqftSource
May 15, 2025Listed For Sale$25,000,000—MetroList Services of CA
Listed For Sale$25,000,000
May 15, 2025•MetroList Services of CA
Tax history
24 years of records
YearTax paidAssessed value
Apr 7, 2025$314$26,951
Apr 7, 2024$300$26,423
Apr 7, 2023$293$25,905
Apr 7, 2022$290$25,398
Apr 7, 2021$290$24,900
Apr 7, 2020$285$24,645
Apr 7, 2019$279$24,162
Apr 7, 2018$269$23,689
Apr 7, 2017$265$23,225
Apr 7, 2016$267$22,770
Apr 7, 2015$259$22,428
Apr 7, 2014$252$21,989
Apr 7, 2013$249$21,890
Apr 7, 2012—$21,461
Apr 7, 2011—$21,041
Apr 7, 2010—$20,884
Apr 7, 2009—$20,933
Apr 7, 2007—$25,759
Apr 7, 2006—$25,255
Apr 7, 2005—$24,761
Apr 7, 2004—$24,276
Apr 7, 2003—$23,832
Apr 7, 2002—$23,365
Apr 7, 2001—$22,908
Nearby homes
Neighborhood details
Local context around this listing
Merced, CA • Merced County
Nearby cities
AtwaterDelhiDos PalosGustineHilmarLivingstonLos BanosMerced
Nearby zip codes
9534095341953439534495348
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