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$2,800,000
Est. payment /mo
2 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226088940
HOA Y/N No
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Here is an opportunity to acquire a LOCAL Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.
Location
State CA
County Merced
Area 20408
Direction Right on M street turn left on Olive and a right onto Fairfield Dr.
Location Details Shopping Nearby
Interior
Heating Central
Cooling Central
Flooring Carpet
Exterior
Parking Features Public
Utilities Available Varies by Unit
Water Access Desc Public
Roof Type Flat
Building
Foundation Concrete
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 236-220-016-000
Special Listing Condition None
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Listed by Keller Williams Merced
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