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$1,999,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC26220285
HOA Y/N No
Year Built 1957
Lot Size 0.265 Acres
Lot Dimensions Assessor
Property Sub-Type Office
Property Description
Prime Downtown Merced Investment Opportunity! This recently renovated 7,169± SF professional office building offers an exceptional combination of modern improvements, established tenancy, and a long-term investment potential. Extensive upgrades include new exterior stucco and paint, new signage, a new roof, new HVAC units, new windows/doors, updated electrical, and fully renovated tenant spaces. The property features three established tenants secured by long-term NNN leases, with options to extend and annual rent escalations. Ideally located within walking distance of the Merced County Courts, and the County Administrative Building. Nearby landmarks include Merced City Hall, the UC Merced Administrative Building, the Merced College Business Resource Center, the El Capitan Hotel and numerous fine dining establishments. Offered at a 6.2% capitalization rate, this turnkey, low-management investment presents an attractive opportunity for investors seeking stable income and long-term growth in the heart of downtown Merced.
Location
State CA
County Merced
Zoning C-C
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Roof Type Flat
Total Parking Spaces 15
Building
Lot Description Corner Lot, Level, Rectangular Lot
Story 2
Water Public
Others
Tax ID 031053012000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Ernesto Ochoa Keller Williams Property Team 209-704-7653, DRE #01247053
Nearby School & Business
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