1237 Yosemite Pkwy Merced, CA 95340

This exceptional 15.51-acre land parcel in Merced, California, presents a unique investment opportunity. Currently undergoing lot line adjustments, the property will be subdivided into two distinct parcels. One parcel, approximately 3.54 acres, is situated on the hard corner of West Yosemite Avenue and El Redondo Drive, zoned for retail development and already approved for a gas station with a convenience store. The second parcel, encompassing approximately 11.97 acres, is ideally suited for a multi-family residential development, with a conceptual plan for a 250-unit apartment community. The seller offers flexibility in subdividing the parcels into smaller lots to accommodate various development scenarios. This prime location boasts exceptional accessibility, with a UC Merced CatTracks bus stop nearby, providing convenient transportation for students, faculty, and staff. The property is nestled within a residential neighborhood, offering a desirable setting for both retail and residential projects. Proximity to Merced Community College (approximately 1 mile), Mercy Medical Center (approximately 2 miles), Merced Mall (approximately 2 miles), and the UC Merced campus (approximately 5.5 miles) further enhances its appeal. The nearest grocery store is approximately 1.6 miles away. The property's APN is 206-070-001, 206-070-002, and is zoned P-D #46 (Commercial). This is a rare chance to acquire a substantial land holding in a thriving Merced County location with significant development potential.