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1250 W Cardella Rd 8.51 Acres of Commercial Land Offered at $2,288,000 in Merced, CA 95348
Investment Highlights
- Entitled 160-Unit Multifamily Development
- Comprehensive Site Plan
- High-Yield Potential in a Supply-Constrained Market
- High Density with Efficient Land Use
- Attractive Amenities to Enhance Tenant Appeal
- Strategic North Merced Location
Executive Summary
"Listing is for proposed Parcel 1 pending final map recordation."
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Property Facts
1 Lot Available
Lot Parcel 1
| Price | $2,288,000 | Lot Size | 8.51 AC |
| Price Per AC | $268,860.16 |
| Price | $2,288,000 |
| Price Per AC | $268,860.16 |
| Lot Size | 8.51 AC |
Description
This 8.51-acre gross (7.66-acre net) site in North Merced, at 1250 W. Cardella Road, is fully entitled to a 160-unit apartment complex, or roughly 18 units per acre. On December 17, 2025, the City of Merced granted the project's Conditional Use Permit, significantly lowering the risk of entitlement and timing. With 276 parking spots, guarded entry, and compliant emergency access, the preliminary site plan shows effective land use with a balanced unit mix among two- and three-story buildings. A clubhouse, swimming pool, dog park, and open green space are just a few of the planned facilities that improve long-term asset value and tenant appeal. The project is well-positioned to take advantage of ongoing residential demand in a developing North Merced submarket. "Listing is for proposed Parcel 1 pending final map recordation."
Property Taxes
| Parcel Number | 206-030-017 | Improvements Assessment | $0 |
| Land Assessment | $432,083 | Total Assessment | $432,083 |
Property Taxes
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1250 W Cardella Rd