851 Olive Ave Merced, CA 95348
- Land
Current Use by Public Records
- Marketplace at Merced / Shopping Center & Mall
- MEHRAN'S JEWELERS / (Bike/Boat/Book/etc) Store
- Sandy Sweets / Grocery & Convenience Store / Specialty Food Shop
- Cell Gallery - phone repair at Merced Mall / Computer & Electronic Repair / Tech Support Center
- Claire's / Tattoo & Piercing Shop
Property Details for 851 Olive Ave
- Property type
- Land
Description
This exceptional 50,000 square foot commercial land parcel presents a unique investment opportunity in the thriving city of Merced, California. Located at 851 W Olive Ave, Merced, CA 95348, this property is part of the Marketplace at Merced, a 53-acre shopping center undergoing significant redevelopment to enhance its appeal and attract more visitors. The redevelopment focuses on entertainment and service-oriented businesses, promising increased foot traffic and repeat customers. The site benefits from its strategic location within a rapidly growing area of California's Central Valley, projected to experience substantial population growth in the coming years. This growth is fueled by California's overall population increase, with the San Joaquin Valley expected to see a significant portion of this expansion. The property enjoys proximity to major national retailers such as Target, JCPenney, Kohl's, Michael's, and Big Lots, as well as Merced College and a dense residential population. The existing Merced Mall, located nearby, attracted 3.66 million visitors annually in 2023, demonstrating the area's strong retail draw. This prime commercial land offers significant potential for development and investment in a dynamic and expanding market. The asking price for this exceptional opportunity is $2,179,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.483
- Latitude
- 37.3208
