1616 Martin Luther King Jr, Merced, CA 95340
Merced County
Key Facts
Description
Prime Downtown Merced Commercial Portfolio - 5 Contiguous C-C Parcels. Rare bulk sale opportunity consisting of five contiguous Central Commercial (C-C) zoned parcels totaling approximately 1.03 acres. All Fully improved commercial lots with utility hookups in place and precious home of Kentucky Fried Chicken drive through. The hard corner consists of a 15,000 SF parcel and operates as the established Downtown Grubs'' food truck plaza, generating strong foot traffic with potential gross rents of approximately $15,000 per month. Improvements include: a 2,500 SF retail building currently supporting food truck operations (restrooms, storage, utility sinks). A 6,000 SF retail warehouse leased to an antique & collectibles dealer at $4,125/month gross. All tenants are on month-to-month leases, offering flexibility for investors or owner-users. Located within walking distance to Downtown Merced and near major national retailers including Chick-fil-A (new site), Starbucks, In-N-Out, Popeyes, and Taco Bell. Excellent proximity to Hwy 99 and downtown landmarks such as UC Merced Downtown Campus Center, El Capitan Hotel, and the Mainzer Theatre. Strong existing income with redevelopment and value-add potential in a high-visibility commercial corridor.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Living Area
45,000 sq ft
Lot Size
0.34 acres
MLS® Listing#
226019114
Property Features
Heating
Flooring
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Parcel Number
031-154-012-000
Directions
From Hwy 99 Northbound, get off on exit 187B - Martin Luther King Jr. Way and turn right.
Affordability Calculator
$700,000
Estimated monthly payment
$18,628/mo
Principal $2,800,000 · Est. interest $3,906,249 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 648% above the area median.
- Its price per sq ft is 69% 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 · 0.4 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 · 1.2 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
Farmdale 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 |
|---|---|---|---|---|
| 0 Stretch Street, Merced, CA | $2,650,000 | — | — | — |
| 635 Fairfield Drive, Merced, CA | $2,800,000 | — | — | 7,676 |
| 635 Fairfield Drive, Merced, CA | $2,800,000 | — | — | 7,676 |
| 0 E Mission Avenue, Merced, CA | $2,812,500 | — | — | — |
| 0 E Mission Avenue, Merced, CA | $2,812,500 | — | — | — |
| 2246 E Mission Avenue, Merced, CA | $2,812,500 | — | — | — |
Moving Cost Estimate
EXIT Agents in Merced
Listing Courtesy: Keller Williams Merced - 2095004663
Presented by: Ernesto Ochoa
CA DRE# 01520140. Kris Klair Broker
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