1626 Martin Luther King Jr Way Merced, CA 95340
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Golden Dreams / Adult Entertainment Store / Lingerie Store
- The Strawberry & Golden Dreams / Novelty Store / Tobacco Shop
Property Details for 1626 Martin Luther King Jr Way
- Lot size
- 0.15 lot acres
- Property type
- 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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.48
- Latitude
- 37.2998
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA
