1626 Martin Luther King Jr WayMerced, CA 95340

Property Details for 1626 Martin Luther King Jr Way

Lot size

0.15 AC

Property type

Other commercial real estate

APN

031-154-015-000

APU

31154015000

Description

This exceptional 2,800 square foot commercial building presents a compelling investment opportunity in the heart of Merced, California. Strategically situated on Martin Luther King Jr. Way, between 16th Street and Main Street, this property boasts a prime location with high visibility and foot traffic. The 0.15-acre lot includes convenient private parking, a significant advantage in a bustling downtown area. The building is comprised of two separate suites, both currently leased to established businesses. One suite has served as a tavern/barbershop for many years, demonstrating the longevity and stability of the existing tenant base. The other suite houses a retail novelty store. This diverse tenancy stream provides immediate cash flow and a solid foundation for future growth. The property's proximity to the planned high-speed rail station further enhances its long-term potential, promising increased traffic and economic activity in the surrounding area. This is a rare chance to acquire a well-located, income-producing commercial property in a rapidly developing downtown core. The building's strong tenant occupancy and prime location make it an ideal investment for both seasoned and new investors seeking a stable and potentially high-growth opportunity. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $1,632,970

  Hospitality

  $1,495,792

  Educational

  $1,244,481

  Medical

  $1,287,281

  Retail

  $1,935,860

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.2998

Longitude

-120.48

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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