1616 Martin Luther King Jr WayMerced, CA 95340

Property Details for 1616 Martin Luther King Jr Way

Lot size

0.34 AC

Property type

Land

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,768,392

  Hospitality

  $3,451,827

  Educational

  $2,871,880

  Medical

  $2,970,648

  Retail

  $4,467,368

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.2995

Longitude

-120.48

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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