Overview
- Updated On:
- January 12, 2023
Description
Calling out to the investors and home builders for this incredible residential development opportunity in Madera CA 93638 – Located on the growing side of town, 16887 N Lake Street is a currently vacant parcel of land consisting of 39.40 Acres of land area with development potential in near future.
This rectangular parcel of land is sitting right on the North East corner of Ave 17 and Lake Street. Being sitting in an area of development potential, it serves as a great location for new home builder to start. Currently this huge lot of land is being sold at a price of $3,940,000, which gives a price of $100,000 per acre of land.
According to stats in 2020, total number of households within 5 miles of this area is 20,363. The total population within 10 miles is 106,888. And the average house value sold in 10 miles of this area is $322,494. This site is a very special opportunity for developers and investors with bright vision.
