16887 N Lake St, Madera Listing Details & Market Data

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.Unlock the potential of a 39.40-acre piece of land situated amidst a burgeoning hub of development in a rapidly growing town. This investment opportunity offers the chance to create a thriving residential community in a highly sought-after area, where demand for housing is skyrocketing due to its attractive environment and a slew of new development attractions. Location Advantage: Strategic Location: This land is strategically positioned in the heart of an area that is experiencing a surge in popularity due to its attractive surroundings and proximity to key amenities. Access to Infrastructure: Investors will benefit from easy access to essential infrastructure such as schools, healthcare facilities, soon to be developed in the surrounding area. High Demand: The demand for housing in this area is on the rise, driven by an influx of professionals and families who are drawn to the quality of life and the promising future of this location. Limited Supply: Supply of residential properties in the vicinity is limited, ensuring that new developments are well-received and have a higher potential for faster sales. Investment Potential: Residential Community Development: This 39.40-acre land parcel provides an opportunity to create a thoughtfully planned residential community, offering various housing options to cater to a range of buyer preferences. Profitable Returns: With the increasing demand for housing and the limited availability of comparable properties in the area, investors can expect substantial returns on their investment. Fast Sales: The attractiveness of the location, coupled with the shortage of housing options, ensures that homes developed on this land have the potential to sell quickly, maximizing profits. Futureproofing: Adaptability: Plan for future growth by ensuring the development is adaptable to changing market trends and preferences. Invest with Confidence: Seize this golden opportunity to invest in a 39.40-acre land parcel in a rapidly growing and desirable area. The potential for creating a thriving residential community, coupled with the promise of fast-selling properties, makes this an investment venture that promises not only financial success but also the satisfaction of contributing to the development of a vibrant new neighborhood. Don't miss out on this chance to be part of a flourishing community and reap the rewards of your investment for years to come.