851 Olive Ave, Merced, CA 95348
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.
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Marketplace at Merced Shopping Center & Mall
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MEHRAN'S JEWELERS (Bike/Boat/Book/etc) Store
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Sandy Sweets Grocery & Convenience Store Specialty Food Shop
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Cell Gallery - phone repair at Merced Mall Computer & Electronic Repair Tech Support Center
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Claire's Tattoo & Piercing Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.