Renovated Office
New
For Sale
$1,999,000
602 W 20th Street, Merced, CA 95340
Three tenants occupy the property under long-term NNN leases with extension options and annual rent escalations.
Property Size7,169 SF
Price / SF$278.84
Days on Market2
Property Features for 602 W 20th Street
General Information
Standard status
Active
Size
7,169 SF
Property subtype
Commercial
Additional Details
Cap Rate
6.2%
Amenities
Central air
Corner Lot
Central Air Cooling
Central Heating
Flat Roof
Level with Street
Rectangular Lot
Building Details
Year Built
1957
Buildings
1
Building Size
7,169 SF
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS PROPERTY TEAM
(209) 500-4663
Listed By:
ERNESTO OCHOA · License #01247053
(209) 704-7653
Source:
Corcoran
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS PROPERTY TEAM
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Investment Insights
Based on property information with market context.
Built in 1957, this 7,169-square-foot professional office property has three tenants under long-term NNN leases. Lease provisions include extension options and annual rent escalations. Renovations included a new roof, HVAC units, windows and doors, along with updated electrical systems and fully improved tenant spaces. Exterior work covered stucco, paint, and signage.
The building is within walking distance of the Merced County Courts and County Administrative Building. Nearby destinations include Merced City Hall, the UC Merced Administrative Building, the Merced College Business Resource Center, the El Capitan Hotel, and dining establishments.
The building is within walking distance of the Merced County Courts and County Administrative Building. Nearby destinations include Merced City Hall, the UC Merced Administrative Building, the Merced College Business Resource Center, the El Capitan Hotel, and dining establishments.
Key Highlights
- 7,169‑square‑foot professional office building
- Three established tenants with long‑term NNN leases, extension options, and annual rent escalations
- Offered at a 6.2% capitalization rate
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three tenants occupy the property under long-term NNN leases with extension options and annual rent escalations.
Where is this office building located?
The property is located at 602 W 20th Street Merced, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 7,169‑square‑foot professional office building; Three established tenants with long‑term NNN leases, extension options, and annual rent escalations; Offered at a 6.2% capitalization rate
