1626 Martin Luther King Jr Way, Merced, CA 95340
Merced County
Key Facts
Description
Fantastic investment opportunity in downtown Merced! Standing between 16th St. and Main St., directly on MLK JR. Way, this 2,800 SF commercial building features a prime location, private parking, and two suites- both currently occupied. The suite on the left has been a tavern/barbershop for decades and the suite on the right is a retail novelty store. The potential for this parcel can not be underestimated! Please do not disturb the tenants. Call the listing agent for an appointment to tour the suites. Thank you.
Property Information
Property Type
Commercial Sale
Stories
1
Living Area
2,800 sq ft
Lot Size
0.15 acres
Zoning
C-C
Days on Market
604
MLS® Listing#
MC24224708
Property Features
Laundry
Lot Features
Roof
Water Source
Financial Details
Parcel Number
031154015000
Directions
Hwy 99 to MLK JR. Way Exit.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Merced, CA
- $467,857
- Median Listing Price
- 48
- Median Days on Market
- 1,789
- Median Sq Ft
- $255
- Median Price / Sq Ft
- 349
- Active Listings
- This home’s price is 4% below the area median.
- Its price per sq ft is 37% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Merced, CA.
Location
Points of Interest in Merced, CA
Showing the Merced area map.
Nearby Schools
Independence High School
Secondary · 0.3 mi away
Merced Montessori School
Elementary · 0.3 mi away
Harvest Christian School
School · 0.4 mi away
Merced County Rop
Secondary · 0.5 mi away
Galen Clark Pre-School
School · 0.6 mi away
Don Stowell Elementary School
Elementary · 0.6 mi away
Merced 11th Street Head Start
School · 0.6 mi away
Muir Elementary School
Elementary · 0.7 mi away
Tenaya Middle
Secondary · 0.8 mi away
John Fremont Elementary
Elementary · 0.9 mi away
Herbert Hoover Middle
Secondary · 0.9 mi away
Charles Wright Elementary School
Elementary · 1.0 mi away
Alicia Reyes Elementary
Elementary · 1.2 mi away
Margaret Sheehy Elementary
Elementary · 1.3 mi away
Our Lady of Mercy School
School · 1.3 mi away
Alexander Street Montessori
Elementary · 1.3 mi away
Leontine Gracey Elementary School
Elementary · 1.3 mi away
Luther Burbank Elementary School
Elementary · 1.5 mi away
Merced High School
Secondary · 1.5 mi away
Ada Givens Elementary School
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 115 W 19th St, Merced, CA | $315,000 | 2 | 1 | 1,014 |
| 115 W 19th, Merced, CA | $315,000 | 2 | 1 | 1,014 |
| 350 S Bermuda, Merced, CA | $320,000 | — | — | — |
| 2894 Elm, Merced, CA | $320,000 | 3 | 1 | 1,328 |
| 230 W 25th Street, Merced, CA | $325,000 | 2 | 1 | 1,151 |
| 915 R Street, Merced, CA | $325,000 | 3 | 1 | 1,232 |
Moving Cost Estimate
EXIT Agents in Merced
Listing Courtesy: Century 21 Select Real Estate - 209-777-5477
Presented by: Ryan Searcy and Dan Gallagher
Licensed in the state of California.