Property profile

2142 Yosemite Ave Merced, CA 95340

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel in Merced, CA, presents a unique investment opportunity. Located at 2142 E Yosemite Ave, at the signalized intersection of Yosemite Avenue and McKee Road, this property boasts excellent visibility and accessibility. Currently occupied by a school, the tenant is expected to vacate by the end of the 2023-2024 school year, opening up a range of development possibilities. The site features existing improvements including a grass field, playground, asphalt basketball court, concrete, and landscaping. City water and septic are available. The property is zoned A-R and its APN is 060-890-014. This prime location is strategically situated within the Yosemite to Hatch Planned Annexation Project, offering proximity to key amenities. Nearby attractions include Dignity Health Mercy Medical Center Hospital, Merced Station Student Housing, and the Hub, a mixed-use development encompassing over 200 housing units and approximately 45,000 square feet of retail space. Furthermore, the University of Merced campus is approximately 2.7 miles away. Potential buyers are responsible for confirming approved uses with Merced County and City. This is an exceptional opportunity to acquire a highly visible and well-located commercial parcel with significant development potential.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Religious School

Location

2142 Yosemite Ave Merced, CA 95340
Merced metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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