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Property profile & analytics
FOR LEASE
Commercial land

1616 Martin Luther King Jr Way Merced, CA 95340

0.34 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-3118280
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.34 ac (15,000 SF)
APN 031-154-012-000
UPID US09-3118280
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Gsra LLC · 4 yrs held
Gsra LLC
since 2022
Last sale
$500,000
7 recorded transactions
2025
Price N/A
2022
$500,000
2019
$350,000
2018
$31,500
2017
Price N/A
2014
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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