328 Main StMerced, CA 95340

Property Details for 328 Main St

Lot size

0.17 AC

Property type

Commercial real estate

APN

031-152-007-000

APU

31152007000

Description

This exceptional investment opportunity presents a 5,500 square foot, multi-tenant retail building in the heart of downtown Merced, California. The property boasts 100% occupancy with two tenants under NNN leases expiring November 19, 2026, offering a remaining lease term of approximately two years. Located on Main Street, the building enjoys approximately 150 feet of frontage, providing excellent visibility. The property is situated amidst significant redevelopment projects and benefits from proximity to major transportation arteries, including Highway 99 and the planned Valley Rail High-Speed Train Station. The surrounding area includes established businesses such as Joystiq, Regal IMAX, and the El Capitan Hotel, further enhancing its desirability. The property sits on a 7,501 square foot lot, with approximately 2,000 square feet of undeveloped land offering potential for expansion, additional parking, or a landscaped courtyard. The current asking price is $799,000, translating to $145.27 per square foot. Merced's robust growth, fueled by the expanding University of California Merced campus (projected to reach 25,000 students), presents a compelling investment case with significant upside potential for rental income. The property's Class B designation and C-C zoning further contribute to its appeal. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property in a thriving California market. The APN is 031-152-007.

• CAP approach

  CAP return

  Valuation

  6%

  $1,865,620

  6.5%

  $1,722,110

  7%

  $1,599,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,102,810

  Geo Method

  $2,091,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,276,350

  Retail / Commercial

  $1,702,430

  Mixed-Use / Specialty

  $1,713,960

  Hospitality / Lodging

  $1,280,400

  Office

  $1,722,110

  Institutional / Educational

  $1,788,120

  Residential Income

  $2,092,100

  Multifamily

  $2,411,570

  Automotive / Energy

  $1,532,680

  Parking / Income-Based Land

  $511,517

  Restaurant / Food Service

  $929,012

  Healthcare / Senior Housing

  $1,739,590

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.3003

Longitude

-120.481

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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