27 Emerald Dr Merced, CA 95340-2216
- Commercial real estate
- 1,736 SF
- 0.15 lot acres
Jul 25, 2024
Current Use by Public Records
- Commercial real estate
Property Details for 27 Emerald Dr
- Year built
- 1957
- Construction
- WOOD FRAME
- Lot size
- 0.15 lot acres
- Property size
- 1,736 SF
- Property type
- Commercial real estate
- APN
- 007-091-002-000
- APU
- 7091002000
Description
This exceptional mixed-use property at 27 Emerald Drive, Merced, CA, presents a unique investment opportunity. Boasting 1,736 square feet on a 0.15-acre lot, this building offers a flexible layout ideal for a variety of commercial uses. Its prime location, just off G Street and near Olive Avenue, ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. The interior comprises three spacious rooms, two bathrooms, and a full kitchen, providing ample space for both work and potential client interaction. An additional den/office area offers further versatility, suitable for a variety of configurations, from open workspaces to private offices. The abundance of natural light creates a bright and inviting atmosphere. The asking price is $399,000, and seller financing options are available, making this an attractive proposition for prospective business owners and investors. This property represents a rare chance to establish a business in a highly desirable and convenient Merced location. Don't miss this opportunity to secure a thriving commercial space in a high-traffic area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $205,000
- ML approach
- $205,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $205,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $251,000
- AI Estimate
- $241,000
Market price range: $162k - $433kMarket price range: $130k - $433k
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Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.469
- Latitude
- 37.3163
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA