930 West 16th Street, Merced, CA 95340

$1,475,000 Approx. USD 0 beds, 0 baths

Agent Remarks

Zoned CG (General Commercial) one of the last remaining undeveloped sites on 16th Street (formerly Highway 99). Has 436 of frontage (with curb & Gutter) on 16th and is 170' deep. West 16th is a major east west arterial and a primary commercial corridor. Property is adjacent to Merced`s Dining and Entertainment District and within close proximity to and easy access to / from to Freeway 99. Only two parcels removed from R Street (also a major North South arterial connecting 99 to North Merced). Ideal location for auto related businesses such as tire stores, auto parts, body shops etc. also great location for commercial strip center with restaurant. Property is located directly East of the `Carnerceria Vallarta' market ( 1010 West 16th St.). Owners will sell, do a long term ground lease or a build to suit. One of owners is a licensed real estate broker in the state of California. There are two freestanding bilboards on the property that currently generate $4,800 (i.e. $2,400 / sign) annually for ground rent. Ground lease stipulates that the lease can be terminated by Landlord and Tenant has to remove the signs within 90 days of written notice by Landlord.

Listing Details

Property type: LND (Commercial)
Status: Active Under Contract
MLS# CC332928
List price is $1,475,000
Beds: 0
Baths: 0
1.70 acres
Lot size: 74052.000
Topography: Level
County: Merced
Zoning: Commercial

Last Updated: 1/14/2017

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The listing is zoned Commercial.
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Lat/Long: 37.302517, -120.490685.
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Broker: Courtesy of Tinetti Realty Group
Listing Agent: Steve Tinetti

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