851 W Olive Ave Merced, CA 95348
53-acre shopping destination undergoing major redevelopment for long-term market dominance.
Type:Land
Lot size:
53.00 Acres- Added:
- Jun 18, 2024
- Days on Market:
- 672
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 851 W Olive Ave
General Information
- Standard status
- Active
- Lot size
- 53.00 Acres
- Property subtype
- Land
Listing agent Joey Chiurazzi License #02123466
Listing office Ethan Conrad Properties Inc
Listing date Jun 18, 2024
Source Crexi
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
Overview
Redevelopment Opportunity in Merced
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.
Location Intelligence
Current Use by Public Records
Marketplace at Merced
Shopping Center & Mall
MEHRAN'S JEWELERS
(Bike/Boat/Book/etc) Store
Sandy Sweets
Grocery & Convenience Store
Cell Gallery - phone ...
Computer & Electronic Repair
Claire's
Tattoo & Piercing Shop
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.461769
- Latitude
- 37.318741
Nearby Similar for Sale
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.
