- Updated On:
- October 10, 2023
Calling all investor and home builders for 16887 N Lake Street, an incredible residential development opportunity in Madera, CA. This vacant parcel of land consists of 39.40 acres zoned for agriculture and offers excellent potential for development in the near future. Located on the growing side of town, this parcel of land sits right on the northeast corner of Ave 17 and Lake Street. The area is in the midst of development potential and presents a great opportunity for new home builders to start. The parcel of land is being sold for $4,334,000, which equates to $110,000 per acre. The property’s location provides easy access to the surrounding areas, making it an attractive location for homeowners. According to stats from 2020, there are a total of 20,363 households within 5 miles of this area, and the total population within 10 miles is 106,888. Additionally, the average house value sold within 10 miles of this area is $322,494. This piece of land is ideal for bright investors looking to take advantage of the new schools and housing developments around the area.