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    OFF-MARKET
    Retail properties & Spaces

    851 Olive Ave, Merced, CA 95348

    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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