1616 Martin Luther King Jr, Merced, CA 95340
- $3,500,000
- List Price
- $3,500,000
- Status
- ACTIVE
- MLS#
- MC26032589
- Lot Size
- 45,000
- Acres
- 1.03
- Lot Location
- Corner Lot, Rectangular Lot, Street Level
- Days on Market
- 167
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property 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.
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Ernesto Ochoa (ernieochoa15@gmail.com) from Listing Office: Keller Williams Property Team.
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