$4,249,000

1240 Pacific Dr Merced, CA 95348

Estimated payment $26,887/month

Total Views 6,331
10.31 Acres
$412,112 Price per Acre
449,117 Sq Ft Lot

Highlights

  • 10.31 Acre Lot
  • Corner Lot
  • 4-minute walk to Merino Park
  • El Capitan High School Rated A-

About This Lot

Incredible 10+ acre parcel ready to be turned into housing in the heart of Merced. Zoned R-4 max density residential allowing 20-36 units per acre (buyer to check with City of Merced). Situated just off the corner of Yosemite and R St, you won't find a better location. Easy and convenient access to UC Merced, Merced College, local high schools, elementary schools, grocery stores, cafes, restaurants, and walking paths. Black Rascal Creek runs adjacent to the property providing for a gorgeous serene setting where you can enjoy nature in it's finest. You'll find a neighborhood dog park at the rear of the parcel providing great convenience for your future tenants. Walking paths extend underneath R Street and provide for great access on foot from this parcel. A bus stopped is planned for the front of the parcel along Pacific. The City of Merced continues to experience tremendous growth in both population, economic development, and the expansion of UC Merced. The need for housing is urgent and the City of Merced is very much in favor of the residential development of this property. Contact agent for details.

Listing Agent

Cristen Fazal

The Team Realty License #01881046 Listed on: 04/04/2025

Property Details

Property Type

  • Land

Lot Details

  • 10.31 Acre Lot
  • Corner Lot
  • Corners Of The Lot Have Been Marked
  • Rough Grade
  • Property is zoned R-4 Residen Max Density, Multi-Residential

Listing and Financial Details

  • Assessor Parcel Number 206-040-020-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Residential Lot
  • Directions To Property: The parcel is located near the corner of Yosemite and R Street. Parcel runs along R St and Pacific Ave.
  • Lot Size Acres: 10.3103
  • Road Frontage Type: City Street
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Corner, Shape Regular

Utilities

  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Schools

  • School District: Merced
  • Middle/Junior School District: Merced City

Lot Info

  • Assessor Parcel Number: 206-040-020-000
  • Lot Size Sq Ft: 449117.00
  • CurrentUse: Vacant
  • DevelopmentStatus: Rough Grade, Corners Marked, Surveyed, Topography Map Available
  • Irrigation: None
  • Zoning Description: Multi-Residential

Multi Family

  • IncomeIncludes: None

MLS Schools

  • Senior High School District: Merced Union High
  • School District (County): Merced

Map

Range of Values:

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $4,249,000 -11.4% --
04/11/2025 04/11/25 For Sale $4,797,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 225041953

Bay Area Real Estate Information Services (BAREIS)