1616 Martin Luther King Jr Way Merced, CA 95340
- Commercial land
- 0.34 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1616 Martin Luther King Jr Way
- Lot size
- 0.34 lot acres
- Property type
- Commercial land
- APN
- 031-154-012-000
- APU
- 31154012000
Description
This exceptional 45,000 square foot lot (1.033 acres) presents a unique build-to-suit opportunity in the heart of Downtown Merced. Located on the highly visible, signalized corner of Martin Luther King Jr. Way and 16th Street, this C-C zoned property (APN: 031154012000; 031-154-011,031-154-010,031-154-009,031-154-008) offers 15,000 square feet of potential retail space. The site, previously occupied by Kentucky Fried Chicken, benefits from its proximity to major thoroughfares, including a Highway 99 on/off ramp just three blocks away. Nearby establishments include In-N-Out Burger and a planned Chick-fil-A, further enhancing its desirability. The property's location near the proposed Merced High-Speed Rail Station adds significant long-term value. This thriving downtown area is home to local government offices, cultural attractions, restaurants, and professional businesses, ensuring a robust customer base. The current owner is offering a long-term lease commitment to a tenant willing to build on the site. This is a rare chance to establish a presence in a rapidly developing and dynamic downtown core. The minimum buildable space is 15,000 square feet, making it ideal for a variety of commercial uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.48
- Latitude
- 37.2995
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA
