1616 Martin Luther King Jr Way - Commercial LAND FOR SALE


Merced, CA 95340- Downtown Merced45,002 SF
$3,500,000 USD
209-704-7653
1616 Martin Luther King Jr Way, Merced, CA for Sale
$3,500,000 USD
Commercial LAND - FOR SALE
1/28
45,002 SF

1616 Martin Luther King Jr Way
Merced, CA 95340
Downtown Merced


HIGHLIGHTS

  • Premier Signalized Hard Corner Position
  • Extremely High Daily Traffic and High Visibility
  • Excellent Vehicle Access
  • Ideal Site for Strong Retail, Quick Service Restaurants, and Mixed-Use Developments
  • Walkable Downtown Location
  • Nearby national tenants include In-N-Out Burger, Starbucks, Popeyes, Taco Bell, and a new Chick-fil-A site

OVERVIEW

Prime Downtown Merced Commercial Portfolio – 5 Contiguous C-C Parcels. Rare bulk sale opportunity consisting of five contiguous Central Commercial (C-C) zoned parcels totaling approximately 1.03 acres. All Fully improved commercial lots with utility hookups in place and precious home of Kentucky Fried Chicken drive through. The hard corner consists of a 15,000 SF parcel and operates as the established “Downtown Grubs” food truck plaza, generating strong foot traffic with potential gross rents of approximately $15,000 per month. Improvements include: a ±2,500 SF retail building currently supporting food truck operations (restrooms, storage, utility sinks). A ±6,000 SF retail warehouse leased to an antique & collectibles dealer at $4,125/month gross. All tenants are on month-to-month leases, offering flexibility for investors or owner-users. Located within walking distance to Downtown Merced and near major national retailers including Chick-fil-A (new site), Starbucks, In-N-Out, Popeyes, and Taco Bell. Excellent proximity to Hwy 99 and downtown landmarks such as UC Merced Downtown Campus Center, El Capitan Hotel, and the Mainzer Theatre. Strong existing income with redevelopment and value-add potential in a high-visibility commercial corridor.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/ACRE

$3,388,000/AC

PRICE/SF

$78 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Office, Fast Food, Restaurant, Specialty/Festival/Entertainment, Storefront Retail/Office, Supermarket

LAND ACRES

1.03 AC

LAND SF

45,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

C-C

APN/PARCEL ID

031-154-008,031-154-009,031-154-010,031-154-011,031-154-012

ASK ABOUT THIS PROPERTY

Ernie Ochoa, CCIMKeller Williams Property Team - CommercialMore Info
209-704-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ernie Ochoa, CCIMKeller Williams Property Team - CommercialMore Info
209-704-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.