Redevelopment Opportunity in
For Sale
Contact for pricing
851 W Olive Ave, Merced, CA 95348
53-acre shopping destination undergoing major redevelopment for long-term market dominance.
Property SizeContact for details
Lot Size53.00 Acres
Days on Market795
Property Features for 851 W Olive Ave
General Information
Standard status
Active
Lot size
53.00 Acres
Property subtype
Land
Listing Agency:
Ethan Conrad Properties Inc
(916) 779-1000
Listed By:
Joey Chiurazzi · License #02123466
Source:
Crexi
Added: Jun 18, 2024
Changed: Aug 16
Last Checked: Aug 20 at 2:16PM
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 Ethan Conrad Properties Inc
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
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Frequently Asked Questions
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.
