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.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.