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2304 Mitchell Rd - Vacant 5.1 AC Commercial Land

5.1 Acres of Commercial Land Offered at £3,818,008 in Ceres, CA 95307

Investment Highlights

  • Proximity to major employers: Amazon, Walmart, FedEx- Across from existing shopping center with high-volume national tenants
  • Approved uses: Supermarket, C-Stores, Restaurants, Retail/Service, Office, Medical
  • Strong population: 166,556 consumers within 5-mile radius - Average household income: over $81,000 in 5-mile radius
  • Zoned Community Commercial - Direct arterial access to Interstate 99
  • High daily traffic: Mitchell Road (28,000 vehicles/day) and Whitmore Avenue (27,000 vehicles/day)

Executive Summary

Faris Lee Investments is pleased to present the opportunity to acquire 2304 Mitchell Road in Ceres, California. This 5.10-acre parcel, zoned C-2 (Community Commercial), is strategically positioned at the signalized intersection of Whitmore Avenue and Mitchell Road, two major thoroughfares providing direct access to Interstate 99. This premier location offers exceptional visibility, high traffic counts (55,000+ vehicles per day), and proximity to an array of national retailers, making it one
of the last remaining commercially zoned development opportunities in the city east of I-99.
Ceres is a rapidly growing community poised for significant economic expansion. By 2026, the population is expected to surpass 50,000, driven by new housing projects such as a 7,000-home development west of Highway 99. The area is also seeing enhanced infrastructure investments, including the Service and Mitchell Road bridge project and the expansion of public services, such as a new water treatment plant. These initiatives, coupled with a strong median household income of $81,000 and affordable housing options, position Ceres as a desirable and accessible market for businesses and residents alike.
The subject property sits in a robust trade area, serving over 166,000 consumers within a 5-mile radius. It is surrounded by a thriving mix of daily-needs and destination retailers, including Walmart, SaveMart, Starbucks, and In-N-Out Burger. The site’s proximity to major employment hubs such as Amazon, Walmart, and FedEx logistics centers ensures a consistent flow of daytime traffic and purchasing power, further enhancing its development potential.

Property Facts

Price £3,818,008
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
Total Lot Size 5.10 AC

1 Lot Available

Lot

Price £3,818,008
Price Per AC £748,629
Lot Size 5.10 AC

This 5.10-acre parcel, zoned C-2 (Community Commercial), is strategically positioned at the signalized intersection of Whitmore Avenue and Mitchell Road, two major thoroughfares providing direct access to Interstate 99.

Description

2304 Mitchell Road in Ceres, CA, is located within the Mitchell Road Corridor Specific Plan, which spans 450 acres along Mitchell Road between Highway 99 and the Tuolumne River. The plan provides structured development guidelines, including zoning, land use policies, and strategies for infrastructure improvements such as transportation, utilities, and public services. This corridor plays a key role in Ceres' economic development, offering significant opportunities for business and community growth due to its strategic location along Highway 99, enhancing accessibility and connectivity, making it an attractive investment area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
069-13-20
Land Assessment
£247,841
Improvements Assessment
£49,201
Total Assessment
£297,043

zoning

Zoning Code CC
CC
  • Listing ID: 34257657

  • Date on Market: 20/12/2024

  • Last Updated:

  • Address: 2304 Mitchell Rd, Ceres, CA 95307

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