2958 G StMerced, CA 95340

  • Commercial land
  • 1,608 SF
For Lease

Property Details for 2958 G St

Year built
1932
Construction
WOOD FRAME
Lot size
1.00 AC
Property size (Sq ft)
1,608 SF
Property type
Commercial land
APN
007-131-001-000
APU
7131001000

Description

This exceptional ±2.4-acre commercial property presents a unique opportunity for ground lease or build-to-suit development in North Merced, California. Strategically located on G Street, this site boasts significant frontage and multiple access points via Craig Drive and G Street, maximizing redevelopment potential. The property sits at a high-traffic intersection (G Street and Craig Drive), with a combined daily vehicle count of 28,154. Its prime location is directly across from Bear Creek Village Shopping Center, placing it within a thriving commercial corridor and surrounded by affluent residential communities. The area demographics are strong, with an average household income exceeding $78,097 and a population of over 89,270 within a 3-mile radius. Nearby businesses include Mister Car Wash, In-Shape City, Yum Yum Donuts, Armstrong Pet World, Los Panchos, Village Liquor, and F&M Bank, underscoring the area's commercial vitality. The property's proximity to the University of California Merced campus (less than 5.5 miles south) further enhances its appeal and potential for future growth. This is an ideal location for a variety of commercial developments, benefiting from high visibility, excellent access, and a strong surrounding demographic profile. The property is zoned C-O. The site is offered as a single-tenant property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $403,972
    Hospitality
    $370,036
    Educational
    $307,865
    Medical
    $318,453
    Retail
    $478,902
2958 G St, Merced, California

Location Insight

City
Merced
County
Merced
State
California
Latitude
37.3138
Longitude
-120.469
CBSA code
32900
CBSA name
MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,861
$453,900
-
$453,900
-
-
-
-

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