$2,288,000

Exceptional multifamily development opportunity in North Merced's high-demand corridor. This 7.66-acre parcel comes with a City-approved CUP (Resolution No. 4178) for ~160 units. Preliminary site plans contemplate 2- and 3-bedroom homes, complemented by a clubhouse, pool, dog park, and open green space. Offered as Parcel 2 from a newly recorded minor subdivision, with a fresh APN already assigned. Purchase applies strictly to Parcel 2; Parcel 1 is excluded from this offering. Buyer to verify all zoning, CUP, and development details with the City of Merced and appropriate professionals. Exceptional multifamily development opportunity in North Merced's high-demand corridor. This 7.66-acre parcel comes with a City-approved CUP (Resolution No. 4178) for ~160 units. Preliminary site plans contemplate 2- and 3-bedroom homes, complemented by a clubhouse, pool, dog park, and open green space. Offered as Parcel 2 from a newly recorded minor subdivision, with a fresh APN already assigned. Purchase applies strictly to Parcel 2; Parcel 1 is excluded from this offering. Buyer to verify all zoning, CUP, and development details with the City of Merced and appropriate professionals.