1720 W Olive Ave - Freestanding FOR SALE


Merced, CA 95348
$5,123,568 USD
559-447-6266
1720 W Olive Ave, Merced, CA for Sale
$5,123,568 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

1720 W Olive Ave
Merced, CA 95348


OVERVIEW

The subject property is an exciting opportunity to own an irreplaceable piece of hard-corner real estate in growing Merced, CA. This single Tenant building was recently leased to Mor Furniture For Less who has been successfully operating for over 48 years and has 36 stores in 7 states. The building is located on Olive Avenue, the most highly trafficked street with the strongest retail synergy in Merced. The center is anchored by Lowe’s. The subject is positioned right down the street from the exciting Merced Mall redevelopment which is now under construction. New names coming to the Merced Mall include Burlington, ULTA, Five Below, Petco, Rack Room Shoes, Carter’s, Vallarta Supermarkets and more.

FOR SALE DETAILS

PRICE

$5,123,568 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

PD

APN/PARCEL ID

058-220-033

ASK ABOUT THIS PROPERTY

Nick FrechouRetail CaliforniaMore Info
559-447-6266

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Nick FrechouRetail CaliforniaMore Info
559-447-6266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.