3183 Collins, Merced, CA 95348
Merced County
Key Facts
Description
Prime commercial office opportunity located at 3183 Collins Dr in Merced, CA. This professional office building offers approximately 4,550 square feet of space on a 7,152 square foot parcel and was built in 1990 with P-D zoning. The property includes five separate office suites, creating a flexible layout suitable for investors or owner users seeking income with upside potential. One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time. This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses. Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Stories
2
Living Area
4,550 sq ft
Lot Size
0.16 acres
Zoning
P-D
Days on Market
3
MLS® Listing#
MC26048254
Property Features
Cooling
Heating
Laundry
Fencing
Construction
Roof
Utilities
Water Source
Financial Details
Parcel Number
236230005000
Directions
Go east on Olive, Left on Collins Dr, Property is on your left
Affordability Calculator
$195,000
Estimated monthly payment
$5,189/mo
Principal $780,000 · Est. interest $1,088,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Merced, CA
- $467,317
- Median Listing Price
- 48
- Median Days on Market
- 1,787
- Median Sq Ft
- $256
- Median Price / Sq Ft
- 366
- Active Listings
- This home’s price is 109% above the area median.
- Its price per sq ft is 16% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Merced, CA.
Location
- 3183 Collins, Merced, CA 95348
Getting Around
Points of Interest in Merced, CA
Showing the Merced area map.
Nearby Schools
Merced High School
Secondary · 0.2 mi away
Merced Christian School
Elementary · 0.5 mi away
Rudolph Rivera Middle
Elementary · 0.6 mi away
Rivera Elementary PTC
Elementary · 0.6 mi away
Alexander Street Montessori
Elementary · 0.6 mi away
St Lukes Anglican School
School · 0.7 mi away
Luther Burbank Elementary School
Elementary · 0.8 mi away
Gateway Edu Care Infant Center
School · 0.8 mi away
Muir Elementary School
Elementary · 0.9 mi away
Peterson Elementary School
Elementary · 0.9 mi away
John Fremont Elementary
Elementary · 1.2 mi away
Merced Montessori School
Elementary · 1.2 mi away
Herbert Hoover Middle
Secondary · 1.4 mi away
Donn B Chenoweth Elementary
Elementary · 1.4 mi away
Herbert H. Cruickshank Middle
Secondary · 1.4 mi away
Independence High School
Secondary · 1.5 mi away
Our Lady of Mercy School
School · 1.7 mi away
Ada Givens Elementary School
Elementary · 1.7 mi away
Harvest Christian School
School · 1.7 mi away
Merced County Rop
Secondary · 1.8 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 |
|---|---|---|---|---|
| 5869 Golf Road, Merced, CA | $695,000 | 4 | 3 | 3,236 |
| 2510 M Street, Merced, CA | $699,000 | — | — | 900 |
| 6090 Country Club Place, Merced, CA | $735,000 | 2 | 3 | 2,275 |
| 6090 Country Club Pl, Merced, CA | $735,000 | 3 | 3 | 3,056 |
| 125 N Parsons, Merced, CA | $749,999 | — | — | — |
| 2125 Yosemite Parkway, Merced, CA | $750,000 | — | — | 2,115 |
Moving Cost Estimate
EXIT Agents in Merced
Listing Courtesy: BHGRE Everything Real Estate - 209-769-3934
Presented by: Eric Jaurique-Pouncey
Licensed in the state of California.