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1237-1265W Yosemite Pky - Development Opportunity 11.98 Acres of Commercial Land Offered at $4,500,000 in Merced, CA 95340
INVESTMENT HIGHLIGHTS
- Flexibility in terms of potential development
- Site was previously entitled for a 220 unit multifamily community which the City of Merced remains open to approval
- Site location within a growing residential neighborhood
EXECUTIVE SUMMARY
Seeking a qualified developer to acquire this +/-11.98 acre development site comprising of two separate parcels. Owner is flexible regarding both parcels and is willing to consider splitting them.
Current zoning offers flexibility in terms of potential development. The site was previously entitled for a 220 unit multifamily community.
Site location is within a growing residential neighborhood, offering close proximity to retail services, employment, local schools and a regional medical center. Newly opened ARCO AM/PM gas station and convenience store along with Starbucks is a short stroll from the site.
Current zoning offers flexibility in terms of potential development. The site was previously entitled for a 220 unit multifamily community.
Site location is within a growing residential neighborhood, offering close proximity to retail services, employment, local schools and a regional medical center. Newly opened ARCO AM/PM gas station and convenience store along with Starbucks is a short stroll from the site.
PROPERTY FACTS
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 11.98 AC |
| Property Type | Land | ||
| Zoning | Vacant Land - Commercial - Vacant Land - Commercial | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 11.98 AC |
| Zoning | Vacant Land - Commercial - Vacant Land - Commercial |
1 LOT AVAILABLE
Lot
| Price | $4,500,000 | Lot Size | 11.98 AC |
| Price Per AC | $375,626.04 |
| Price | $4,500,000 |
| Price Per AC | $375,626.04 |
| Lot Size | 11.98 AC |
- +/-11.98 Acre Development Site comprising two separate parcels - Zoning & Permitted uses - Vacant Land - Commercial - Flood Zone Designation - AE - In a Special Flood Zone Area
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $4,798,160 | Total Assessment | $4,798,160 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,798,160
Improvements Assessment
$0
Total Assessment
$4,798,160
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1237-1265W Yosemite Pky - Development Opportunity
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