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961 W 16th Street, Merced, CA

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961 W 16th Street

Merced, CA 95340 - Downtown Merced Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:6,500 SF Land Area:.28 AC (12,197 SF)
For Sale Price:$325,000 Price/SF:$50.00
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 1.77/1,000 SF
6,500 SF is available to occupy upon purchase.

Sale Notes:
6,500 square foot concrete block building in a C-C (Central Commercial) zone with 80' of frontage on West 16th Street and 150 deep (12,000 SF parcel). Has City maintained 20' wide paved alley in the back (i.e. north) side of property. Has asphalt paving to the north and west of the building. Chain link fence on the north side provides security for small yard area and paving on the west side provides off street parking lot to service the building. Currently occupied on a month-to-month basis by Smith Auto Parts who has occupied the building for more than two decades on a leased basis but has recently gone to MTM tenancy. Current tenant pays $2,100 ($.32/SF) / month NN. Current market rent is around $3,250 ($.50/SF) / month NN. Owner prefers to sell the property but will consider a long term lease with a satsfactory tenant. Property is being sold as is and is priced accordingly.

Tinetti Realty Group
Steve G Tinetti
(209) 354-3838

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