851 W Olive Ave, Merced, CA 95348

Listing office Ethan Conrad Properties Inc Show Phone

Listing date Jun 18, 2024

Source Crexi

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Overview

Marketplace at Merced, a 53-acre shopping destination servicing a large geographic section of California’s Central Valley, is undergoing a major redevelopment. The redevelopment aims to shift the focus towards entertainment and service-driven businesses, with the goal of increasing foot traffic and repeat customers. Located in the rapidly growing Central region of California, the city of Merced is projected to experience significant population growth. The San Joaquin Valley is expected to see a significant portion of California’s projected population growth of over 10 million people by 2030. The property is in close proximity to Merced College and surrounded by a dense residential population. Major surrounding national tenants include Target, JCPenney, Kohl’s, Michael’s, and Big Lots!. Vallarta Market, Crunch Fitness, and Raising Cane's leases have been signed. Boot Barn and Shoe Palace are now open. In 2023, Merced Mall had 3.66 million visitors per year.

Suggested Use

Big Box & Wholesale Store Bar & Pub Parking Lot & Garage Hotel & Motel (Bike/Boat/Book/etc) Store Electrical Service Auto Parts Store Tech Support Center Computer & Electronic Repair Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Merced

County

Merced

State

California

Longitude

-120.461769

Latitude

37.318741

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FAQs

What type of property is this?

Commercial land - 53-acre shopping destination undergoing major redevelopment for long-term market dominance.

Where is this commercial land located?

The property is located at 851 W Olive Ave Merced, CA.

What is the asking price?

The asking price for this property is $2,179,000.

What are key features of this property?

This property features: Major redevelopment underway for long‑term market dominance.; Located in a rapidly growing region of California with projected population growth.; Anchored by Target, JCPenney, and Kohl’s.