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    851 Olive Ave Merced, CA 95348

    Sponsored
    For Sale
    $2,179,000

    Prime 50,000 SF commercial lot for sale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 50,000 square foot commercial land parcel presents a unique investment opportunity in the thriving city of Merced, California. Located at 851 W Olive Ave, Merced, CA 95348, this property is part of the Marketplace at Merced, a 53-acre shopping center undergoing significant redevelopment to enhance its appeal and attract more visitors. The redevelopment focuses on entertainment and service-oriented businesses, promising increased foot traffic and repeat customers. The site benefits from its strategic location within a rapidly growing area of California's Central Valley, projected to experience substantial population growth in the coming years. This growth is fueled by California's overall population increase, with the San Joaquin Valley expected to see a significant portion of this expansion. The property enjoys proximity to major national retailers such as Target, JCPenney, Kohl's, Michael's, and Big Lots, as well as Merced College and a dense residential population. The existing Merced Mall, located nearby, attracted 3.66 million visitors annually in 2023, demonstrating the area's strong retail draw. This prime commercial land offers significant potential for development and investment in a dynamic and expanding market. The asking price for this exceptional opportunity is $2,179,000.

    Property Features for 851 Olive Ave

    General Information

    Property type
    Land

    HighLights

    • 50,000 SF commercial land parcel in Merced, CA.
    • Located at 851 W Olive Ave, Merced, CA 95348, within the redeveloping Marketplace at Merced shopping center.
    • Prime location near major retailers (Target, JCPenney, Kohl's, Michael's, Big Lots), Merced College, and dense residential areas.
    • Strong retail market with nearby Merced Mall attracting 3.66 million visitors annually (2023).
    • Asking price: $2,179,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marketplace at Merced Shopping Mall MEHRAN'S JEWELERS Jewelry Store Sandy Sweets Ice Cream Shop Cell Gallery - phone ... Mobile Phone Repair Shop Claire's Ear Piercing Service

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.4825757
    Latitude
    37.3207673

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    FAQs

    What type of property is this?
    Land - Prime 50,000 SF commercial lot for sale.
    Where is this land located?
    The property is located at 851 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: 50,000 SF commercial land parcel in Merced, CA.; Located at 851 W Olive Ave, Merced, CA 95348, within the redeveloping Marketplace at Merced shopping center.; Prime location near major retailers (Target, JCPenney, Kohl's, Michael's, Big Lots), Merced College, and dense residential areas.
    (916) 779-1000
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    851 Olive Ave Merced, CA 95348
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    Merced, CA 95348
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    851 Olive Ave Merced, CA 95348
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