645 Fairfield Dr Merced, CA 95348
For Lease
This exceptional 22,896 square foot retail space, previously a movie theater, is located at 645 Fairfield Dr, Merced, CA 95348, within the revitalized Merced Mall. The property boasts a Class A designation, having undergone renovations in 2024, and offers flexible tenancy options with a minimum divisible space of 7,500 square feet. The entire 22,896 square feet is currently vacant and available for lease. Ample parking is provided with approximately 200 spaces. The site sits on a 2-acre lot (85,572 square feet) and features three suites within a single building. The property is zoned P-D (Planned Development), aligning perfectly with the mall's ongoing redevelopment into an open-air concept. This redevelopment includes a new Cinemark movie theater, generating significant foot traffic. The Merced Mall is anchored by Target, Kohl's, and JCPenney, along with over 75 other retailers. The property's strategic location benefits from proximity to Merced Community College and UC Merced, contributing to a large and growing potential customer base. The surrounding area's population is substantial and projected to experience significant growth in the coming years. Tenant improvements are negotiable.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.