1237 Yosemite PkwyMerced, CA 95340

Property Details for 1237 Yosemite Pkwy

Lot size

7.76 AC

Property type

Commercial land

APN

206-070-002-000

APU

206070002000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $84,920,712

  Hospitality

  $77,786,920

  Educational

  $64,717,804

  Medical

  $66,943,548

  Retail

  $100,672,136

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.333

Longitude

-120.492

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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