1720 Olive AveMerced, CA 95348

  • Other commercial real estate
  • 21,692 SF
For Lease

Property Details for 1720 Olive Ave

Year built
2003
Construction
WOOD
Lot size
2.15 AC
Property size (Sq ft)
21,692 SF
Property type
Other commercial real estate
APN
058-220-033-000
APU
58220033000

Description

This exceptional retail opportunity presents a 21,710 square foot freestanding building ideally situated within the Merced Marketplace Shopping Center at the highly visible, signalized intersection of Olive and Austin Avenues in Merced, California. The property boasts a prime location on the southwest corner, offering excellent exposure and accessibility near the shopping center's main east entrance. The building is currently configured for multiple tenants, with one space available, presenting a unique chance for businesses seeking a prominent presence in a thriving retail environment. The address is 1720 W. Olive Ave, Merced, CA 95348, within Merced County. This freestanding structure offers significant potential for a variety of retail uses, benefiting from its strategic placement within a well-established shopping center and high traffic count at a major intersection. The property's size and visibility make it an attractive option for businesses seeking to establish or expand their operations in a dynamic market. Detailed lease terms and conditions are available upon request. This is a rare opportunity to secure a prominent retail space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,449,598
    Hospitality
    $4,991,802
    Educational
    $4,153,120
    Medical
    $4,295,953
    Retail
    $6,460,410
1720 Olive Ave, Merced, California

Location Insight

City
Merced
County
Merced
State
California
Latitude
37.3185
Longitude
-120.496
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
$29,626
$879,138
$1,669,842
$2,548,980
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