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    645 Fairfield Dr Merced, CA 95348

    Sponsored
    For Lease
    $19 SF/Yr

    22,896 SF Retail Space Available

    Lot size:
    22,896 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 22,896 square foot retail space, previously a movie theater, is located at 645 Fairfield Dr, Merced, CA 95348, within the revitalized Merced Mall. The property boasts a Class A designation, having undergone renovations in 2024, and offers flexible tenancy options with a minimum divisible space of 7,500 square feet. The entire 22,896 square feet is currently vacant and available for lease. Ample parking is provided with approximately 200 spaces. The site sits on a 2-acre lot (85,572 square feet) and features three suites within a single building. The property is zoned P-D (Planned Development), aligning perfectly with the mall's ongoing redevelopment into an open-air concept. This redevelopment includes a new Cinemark movie theater, generating significant foot traffic. The Merced Mall is anchored by Target, Kohl's, and JCPenney, along with over 75 other retailers. The property's strategic location benefits from proximity to Merced Community College and UC Merced, contributing to a large and growing potential customer base. The surrounding area's population is substantial and projected to experience significant growth in the coming years. Tenant improvements are negotiable.

    Property Features for 645 Fairfield Dr

    General Information

    Property type
    Theaters & concert halls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,896 SF
    Class
    A
    Total Rate
    36633.6

    Building Details

    Year Renovated
    2024
    Buildings
    1

    Unit(s) available at that property

    Space
    Space Theater 1
    Size
    7,697 SF
    Rate per SF
    $19
    Space
    Space Theater 2
    Size
    15,199 SF
    Rate per SF
    $19

    HighLights

    • 22,896 SF former movie theater space available for lease at 645 Fairfield Dr, Merced, CA 95348, within the Merced Mall.
    • The property is Class A, renovated in 2024, and divisible into spaces of at least 7,500 SF.
    • Located within the Merced Mall, anchored by Target, Kohl's, and JCPenney, with over 75 other retailers.
    • High visibility corner location at W Olive Avenue and M Street, with 51,974 vehicles passing daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -120.4804812189
    Latitude
    37.320577741506

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    FAQs

    What type of property is this?
    Theater & concert hall - 22,896 SF Retail Space Available
    Where is this theater & concert hall located?
    The property is located at 645 Fairfield Dr Merced, CA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 22,896 SF former movie theater space available for lease at 645 Fairfield Dr, Merced, CA 95348, within the Merced Mall.; The property is Class A, renovated in 2024, and divisible into spaces of at least 7,500 SF.; Located within the Merced Mall, anchored by Target, Kohl's, and JCPenney, with over 75 other retailers.
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    645 Fairfield Dr 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
    645 Fairfield Dr Merced, CA 95348
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