259 Swanson Road, Manteca, CA 95337, Manteca, 95337 - 2 bed, 1 bath
ACTIVE$3,500,000/sqft
259 Swanson Road, Manteca, CA 95337
2Beds
1Bath
Sqft
227,819Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The 5.2-acre parcel is zoned for medium density, potentially allowing 15+ units per acre (duplexes, triplexes, or townhouses), making it highly attractive for investors.
Top Cons:
Current Septic System: The property currently relies on a septic system, requiring conversion to city sewer for full development potential, which will incur additional costs and effort.
Compared to the nearby listings
Price:$3.50M vs avg $595.0K (+$2,905,000)99%
Size: sqft vs avg 2,052.5 sqft2%
Price/sqft:$0 vs avg $29217%
More Insights
Built in 1957 (69 years old).
Condition: The residence was built in 1957 (67 years ago) and the listing explicitly states it 'likely requires significant renovation or demolition' or to 'clear the space completely for new development.' The images show a very old, neglected structure, and there are no interior photos, suggesting the interior (including kitchen and bathroom) is in extremely poor or unlivable condition. The property's primary value is the 5.2-acre land for redevelopment, aligning with the 'tear-down' criteria.
Year Built
1957
Close
-
List price
$3.5M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
MC24206408
Home ConditionTear down
Features
View-
About this home
CALLING ALL INVESTORS looking to build out this medium density parcel which may allow 15+ units per acre of duplexes, triplexes or townhouses! This prime property is located on the border of Manteca and Lathrop, offering easy access to Hwy 120 and I-5. This expansive 5.2-acre currently features a 3,500 sq. ft. industrial-grade shop equipped with 220V, 3-phase power. The property also includes a residence with potential to renovate into a multi-unit dwelling, or clear the space completely for new development. Currently on septic, but sewer and other utilities are already available at the street, making future upgrades ideal. Low and medium density development is occurring just north of this property. Buyers to verify details of potential development with the City of Manteca Planning Department.
R
Renee Ledbetter
Listing Agent
Price History
Date
Event
Price
07/03/18
Sold
$1,420,000
12/15/06
Sold
$53,500
Condition Rating
Tear down
The residence was built in 1957 (67 years ago) and the listing explicitly states it 'likely requires significant renovation or demolition' or to 'clear the space completely for new development.' The images show a very old, neglected structure, and there are no interior photos, suggesting the interior (including kitchen and bathroom) is in extremely poor or unlivable condition. The property's primary value is the 5.2-acre land for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Significant Development Potential: The 5.2-acre parcel is zoned for medium density, potentially allowing 15+ units per acre (duplexes, triplexes, or townhouses), making it highly attractive for investors.
Strategic Location: Situated on the border of Manteca and Lathrop with easy access to Hwy 120 and I-5, providing excellent connectivity and appeal for future residents or businesses.
Existing Industrial Infrastructure: Includes a substantial 3,500 sq. ft. industrial-grade shop with 220V, 3-phase power, offering immediate utility or potential for repurposing.
Accessible Utilities: Sewer and other essential utilities are already available at the street, simplifying future development and reducing infrastructure costs.
Favorable Development Environment: Low and medium density development is actively occurring just north of the property, indicating a supportive local planning environment and market demand.
Cons
Current Septic System: The property currently relies on a septic system, requiring conversion to city sewer for full development potential, which will incur additional costs and effort.
Age and Condition of Residence: The 1957-built residence likely requires significant renovation or demolition, adding to the initial investment for new development.
Extensive Buyer Due Diligence Required: Buyers are explicitly advised to verify all development details with the City of Manteca Planning Department, indicating potential complexities or uncertainties in the approval process.