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$2,288,000
Est. payment /mo
8.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41121329
HOA Y/N No
Lot Size 8.513 Acres
Property 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.
Location
State CA
County Merced
Interior
Fireplace No
Exterior
Utilities Available Water Not Available
Building
Water None
Others
Tax ID 206030017000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
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Listed by Ivy Yueh BayOne Real Estate Inv Corp #02074110
NEARBY SCHOOL & BUSINESS
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