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Redeveloping Shopping Destination in Merced
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851 W Olive Ave, Merced, CA 95348

53-acre shopping center undergoing redevelopment for entertainment and services.

Space Size468 SF - 17,085 SF
Lot Size53.00 Acres
Days on Market818

Property Features for 851 W Olive Ave

General Information

Standard status Active
Size 468 SF - 17,085 SF
Lot size 53.00 Acres
Property subtype Retail
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 851 W Olive Ave Contact us

Suite 200

Size
3,321 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 220

Size
3,031 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 230

Size
4,573 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 240

Size
3,183 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 250

Size
6,175 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 270

Size
1,351 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 285

Size
1,529 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 292

Size
1,935 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 610

Size
1,800 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 700

Size
2,271 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 706

Size
599 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 707

Size
975 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 709

Size
468 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 714

Size
872 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Suite 740

Size
2,377 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 760

Size
9,986 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Building C&D

Size
17,085 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Ethan Conrad Properties Inc
Listed By: Joey Chiurazzi · License #02123466
Source: Crexi
Added: Jun 5, 2024 Changed: Aug 19 Last Checked: Aug 29 at 10:39AM

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 is undergoing a major redevelopment to ensure its long term dominance in the market. The 53-acre shopping destination will move towards becoming more entertainment and service-driven, which will result in more foot traffic and repeat customers. The city of Merced is located in the rapidly growing Central region of California and is projected to experience significant population growth. California’s population is estimated to grow by over 10 million people by 2030, and the San Joaquin Valley is expected to see a significant portion of this growth. Major surrounding national tenants include Target, JCPenney, Kohl’s, and Michael’s. Vallarta Market, Crunch Fitness, and Raising Cane's leases have been signed. Boot Barn and Shoe Palace are now open. The property is in close proximity to Merced College and surrounded by a dense residential population.

Key Highlights

  • Major redevelopment underway to enhance long‑term market dominance.
  • Located in a rapidly growing region of Central California with projected significant population growth.
  • Anchored by major national tenants like Target, JCPenney, and Kohl's.

Property Analytics

Current Use

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

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.51 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

812
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

  • Bear Creek Village Shopping Center E North Bear Creek Dr, Merced, CA 95348
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Frequently Asked Questions

What type of property is this?
Shopping center - 53-acre shopping center undergoing redevelopment for entertainment and services.
Where is this shopping center located?
The property is located at 851 W Olive Ave Merced, CA.
What is the lease rate?
The lease rate is $23.40 SF/Yr.
What are key features of this property?
This property features: Major redevelopment underway to enhance long‑term market dominance.; Located in a rapidly growing region of Central California with projected significant population growth.; Anchored by major national tenants like Target, JCPenney, and Kohl's.
(916) 779-1000 Call to check price and availability
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