2050 16th st - Retail FOR SALE


Merced, CA 95348
$500,000 USD
213-810-3509
2050 16th st, Merced, CA for Sale
$500,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

2050 16th st
Merced, CA 95348


OVERVIEW

• Situated on a 2-parcel lot, this single tenant building is designed for restaurant use and boasts a large parking lot and monument sign. • This property is positioned conveniently at both the entrance to and exit from southbound Highway 99 as you enter the City of Merced. • The longstanding restaurant tenant, who has been an occupant since 1982, is currently on a month-to-month below market lease, offering flexibility for an investor to increase the return on investment. • Ideal for an owner/user aiming to establish their own distinctive restaurant concept, or a gas station developer seeking a prime highway location near an entrance or exit. • The parcel has sufficient space to accommodate the construction of additional buildings or a drive-thru, subject to zoning considerations.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,570 SF

ZONING

M-1

APN/PARCEL ID

059-052-001,059-052-002

ASK ABOUT THIS PROPERTY

Kirsten KaiyalaEve CapitalMore Info
213-810-3509

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Kirsten KaiyalaEve CapitalMore Info
213-810-3509

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