659 Fairfield Dr Merced, CA 95348
- Commercial real estate
- 25,727 SF
- 2.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 659 Fairfield Dr
- Year built
- 1977
- Construction
- WOOD
- Lot size
- 2.40 lot acres
- Property size
- 25,727 SF
- Property type
- Commercial real estate
- APN
- 236-220-014-000
- APU
- 236220014000
Description
This exceptional retail opportunity is located at 659 Fairfield Drive in Merced, California, 95348. The property, part of the Marketplace at Merced, offers two available spaces totaling 3,267 to 24,527 square feet, ideal for a variety of retail uses. Situated within a thriving retail corridor, this location benefits from high visibility and significant foot traffic. The property enjoys a strategic position alongside established national retailers such as Big Lots! and Michaels, ensuring strong brand synergy and customer draw. The surrounding area boasts a diverse mix of prominent national tenants, including JCPenney, Sephora, Target, Starbucks, dd's Discounts, CVS Pharmacy, Five Below, and Kohl's, creating a robust and attractive retail environment. The Marketplace at Merced is currently undergoing a major redevelopment, further enhancing its appeal and long-term potential. This prime location presents a unique opportunity to establish or expand a retail business within a dynamic and growing market. The property's multiple space options provide flexibility for businesses of varying sizes and needs. This is an excellent chance to secure a prominent position in a high-traffic area with strong anchor tenants and a vibrant retail community. The property is conveniently located at 37.321661 latitude and -120.480273 longitude.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,925,000
- 6.5%
- $3,820,000
- 7%
- $4,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,190,000
- Geo Method
- $3,350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,170,000
- Retail
- $4,090,000
- Mixed-Use
- $4,350,000
- Hospitality
- $4,085,000
- Educational
- $4,475,000
- Residential Income
- $3,505,000
- Energy
- $3,750,000
- Income-Based Land
- $4,480,000
- Food Service
- $3,720,000
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.48
- Latitude
- 37.3217
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA