3183 Collins Dr - Medical FOR SALE


Merced, CA 95348
$975,000 USD
209-769-3934
3183 Collins Dr, Merced, CA for Sale
$975,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

3183 Collins Dr
Merced, CA 95348


OVERVIEW

Prime commercial office opportunity located at 3183 Collins Dr in Merced, CA. This professional office building offers approximately 4,550 square feet of space on a 7,152 square foot parcel and was built in 1990 with P-D zoning. The property includes five separate office suites, creating a flexible layout suitable for investors or owner users seeking income with upside potential. One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time. This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses. Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,152 SF

ZONING

P-D

APN/PARCEL ID

236-230-005

ASK ABOUT THIS PROPERTY

Eric Jaurique-PounceyBHGRE Everything Real EstateMore Info
209-769-3934

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Eric Jaurique-PounceyBHGRE Everything Real EstateMore Info
209-769-3934

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