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    1011 Olive Ave Merced, CA 95348

    For Lease
    Contact for pricing

    Prime retail space, Merced, CA. Multiple tenancies available.

    Lot size:
    86,772 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity presents itself in the form of a former Sears location within the bustling Merced Mall, situated at 1011 W. Olive Avenue, Merced, CA 95348. The space offers a flexible layout ranging from 10,000 square feet to a substantial 86,772 square feet, ideal for a variety of retail concepts or a multi-tenant configuration. Located in Merced County, this property benefits from its prime position along Merced's main retail thoroughfare, ensuring high visibility and accessibility for customers. The surrounding area boasts a strong presence of major retailers, creating a synergistic environment and attracting significant foot traffic. This is a unique chance to establish a prominent retail presence in a thriving California market. The property is classified as a prime anchor space within a multiple-tenancy retail setting. The sheer size and strategic location make this an unparalleled opportunity for businesses seeking expansion or a new flagship location in a well-established retail center. The address is easily accessible and highly visible, offering excellent potential for brand recognition and customer engagement. Serious inquiries are encouraged to explore this significant retail investment.

    Property Features for 1011 Olive Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    86,772 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    86,772 SF

    HighLights

    • High‑visibility storefront with street access on Olive Avenue and R Street, within Merced Mall Shopping Center.
    • Strong co‑tenancy includes Target, Kohl's, JCPenney, and other national retailers.
    • Diverse restaurant lineup featuring Starbucks, Panera Bread, and Chipotle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service Sears Department Store Pahoua Xai Xa ... Optometrist Sears Auto Center Auto Repair Shop

    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
    -120.48497956303
    Latitude
    37.321321127015

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, Merced, CA. Multiple tenancies available.
    Where is this retail property located?
    The property is located at 1011 Olive Ave Merced, CA.
    What are key features of this property?
    This property features: High-visibility storefront with street access on Olive Avenue and R Street, within Merced Mall Shopping Center.; Strong co-tenancy includes Target, Kohl's, JCPenney, and other national retailers.; Diverse restaurant lineup featuring Starbucks, Panera Bread, and Chipotle.
    Request Owner's contact information
    1011 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
    1011 Olive Ave Merced, CA 95348
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