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    851 Olive Ave Merced, CA 95348

    Sponsored
    For Lease
    $3 SF/Yr

    High-traffic retail space in growing Merced, CA.

    Lot size:
    65,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity presents a single-tenant pad within the thriving Marketplace at Merced, a 53-acre shopping destination undergoing a significant redevelopment. The property offers a flexible footprint ranging from 50,000 to 65,000 square feet, ideal for a variety of retail, restaurant, or land-based commercial uses. Located at 851 W Olive Ave, Merced, CA 95348, this site benefits from its strategic position within a rapidly expanding area of California's Central Valley, projected to experience substantial population growth. The Marketplace at Merced enjoys high visibility and significant foot traffic, attracting 3.66 million visitors annually in 2023. The redevelopment plan emphasizes entertainment and service-oriented businesses, ensuring sustained customer engagement and repeat visits. This prime location is further enhanced by its proximity to Merced College and a dense residential population, providing a readily available customer base. The surrounding area boasts major national retailers such as Target, JCPenney, Kohl's, Michael's, and Big Lots, creating a synergistic retail environment. This is a unique chance to establish a presence in a dynamic and growing market poised for continued success.

    Property Features for 851 Olive Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,000 SF

    Unit(s) available at that property

    Space
    Size
    65,000 SF
    Rate per SF
    $3

    HighLights

    • Exceptional single‑tenant retail pad (50,000‑65,000 SF) in the Marketplace at Merced, a 53‑acre shopping center undergoing redevelopment.
    • Located at 851 W Olive Ave, Merced, CA 95348, in a high‑growth area of California's Central Valley.
    • High visibility and significant foot traffic (3.66 million annual visitors in 2023) within a synergistic retail environment anchored by major national retailers.
    • Ideal for various retail, restaurant, or land‑based commercial uses, benefiting from proximity to Merced College and a dense residential population.
    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?
    Restaurant - High-traffic retail space in growing Merced, CA.
    Where is this restaurant located?
    The property is located at 851 Olive Ave Merced, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Exceptional single-tenant retail pad (50,000-65,000 SF) in the Marketplace at Merced, a 53-acre shopping center undergoing redevelopment.; Located at 851 W Olive Ave, Merced, CA 95348, in a high-growth area of California's Central Valley.; High visibility and significant foot traffic (3.66 million annual visitors in 2023) within a synergistic retail environment anchored by major national retailers.
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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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