281 Merced St Dinuba, CA 93618
- Warehouses
- 12,952 SF
Current Use by Public Records
- Warehouses
Property Details for 281 Merced St
- Year built
- 1989
- Property size
- 12,952 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a prime 12,952 square foot industrial property located at 281 W Merced St, Dinuba, CA 93618. The Dinuba Commercial Center boasts a strong 3.95% cap rate, generating a net operating income (NOI) of $88,814. Comprising two buildings and four individual units, this Class B property offers versatile space ideal for owner-occupancy or continued rental income. Built in 1989, the property sits on a substantial 39,000 square foot lot zoned C-4, allowing for a variety of uses. The complex includes a three-bay self-service car wash and a concrete parking lot with 15 stalls. The property's strategic location provides excellent Alta Avenue frontage, enhancing visibility and accessibility. This is a rare opportunity for a 1031 exchange, offering a solid return on investment in a thriving market. The property features a gross lease structure and is currently privately owned. The asking price is $2,250,000. This is a first-time market offering, presenting a unique chance to acquire a well-established and profitable industrial center.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dinuba
- County
- Tulare
- State
- California
- Longitude
- -119.394
- Latitude
- 36.5418
