1237 Yosemite Pky - Multifamily Development Opportunity
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1237 Yosemite Pky - Multifamily Development Opportunity
11.98 Acres of Commercial Land in Merced, CA 95348
Investment Highlights
- The owner conceptualized building a 220 unit apartment community on the +11.98 Acre site
- UC Merced CatTracks has a stop a few steps away on Yosemite Avenue. CatTracks is a free bus transportation service for all UC Merced students.
- Seller flexibility on subdivision of parcels into smaller development lots
- Excellent location within a Residential neighborhood surrounded by SFRs and newer multifamily development
Executive Summary
The owner conceptualized building a 220 unit apartment community on the +11.98 Acre site. Seller flexibility on subdivision of parcels into smaller development lot. UC Merced CatTracks has a stop a few steps away on Yosemite Avenue. CatTracks is a free bus transportation service for all UC Merced students, faculty and staff that takes them to and from campus. Excellent location within a Residential neighborhood surrounded by SFRs and newer multifamily development.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 11.98 AC |
| Property Type | Land | Cross Streets | Compass Pointe Ave |
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 11.98 AC |
| Cross Streets | Compass Pointe Ave |
1 Lot Available
Lot
| Lot Size | 11.98 AC |
| Lot Size | 11.98 AC |
Multifamily Development Opportunity - Entitled for 220 Units!
Description
Property owner created and sold multiple retail parcels on the ±3.54 acre parcel on the hard corner of W. Yosemite Avenue and El Redondo Drive, leaving this ±11.98 acre total area for a 220 unit multifamily community.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $6,548,972 CAD | Total Assessment | $6,548,972 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,548,972 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,548,972 CAD
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1237 Yosemite Pky - Multifamily Development Opportunity
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