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    1616 Martin Luther King Jr Way Merced, CA 95340

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Commercial Land, Build-to-Suit Available

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 45,000 square foot lot (1.033 acres) presents a unique build-to-suit opportunity in the heart of Downtown Merced. Located on the highly visible, signalized corner of Martin Luther King Jr. Way and 16th Street, this C-C zoned property (APN: 031154012000; 031-154-011,031-154-010,031-154-009,031-154-008) offers 15,000 square feet of potential retail space. The site, previously occupied by Kentucky Fried Chicken, benefits from its proximity to major thoroughfares, including a Highway 99 on/off ramp just three blocks away. Nearby establishments include In-N-Out Burger and a planned Chick-fil-A, further enhancing its desirability. The property's location near the proposed Merced High-Speed Rail Station adds significant long-term value. This thriving downtown area is home to local government offices, cultural attractions, restaurants, and professional businesses, ensuring a robust customer base. The current owner is offering a long-term lease commitment to a tenant willing to build on the site. This is a rare chance to establish a presence in a rapidly developing and dynamic downtown core. The minimum buildable space is 15,000 square feet, making it ideal for a variety of commercial uses.

    Property Features for 1616 Martin Luther King Jr Way

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Total Rate
    24750

    Unit(s) available at that property

    Space
    Available Space 1 - 602
    Size
    0 SF
    Rate per SF
    $19
    Space
    Available Space 2 - 635
    Size
    15,000 SF
    Rate per SF
    $21

    HighLights

    • Retail, Land, and Restaurant property totaling 15,000 square feet.
    • Multiple tenancies available.
    • 1.033 acres (45,000 square feet) lot size.
    • Located at the hard‑corner intersection of Martin Luther King Jr. Way and 16th Street.
    • C‑C Zoning.
    • APN: 031154012000; 031‑154‑011, 031‑154‑010, 031‑154‑009, 031‑154‑008.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.4804241
    Latitude
    37.2995786

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    FAQs

    What type of property is this?
    Restaurant - Prime Commercial Land, Build-to-Suit Available
    Where is this restaurant located?
    The property is located at 1616 Martin Luther King Jr Way Merced, CA.
    What is the lease rate?
    The lease rate is $19-$21 SF/Yr.
    What are key features of this property?
    This property features: Retail, Land, and Restaurant property totaling 15,000 square feet.; Multiple tenancies available.; 1.033 acres (45,000 square feet) lot size.
    Request Owner's contact information
    1616 Martin Luther King Jr Way Merced, CA 95340
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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
    1616 Martin Luther King Jr Way Merced, CA 95340
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