1111 Olive AveMerced, CA 95348

  • Other commercial real estate
  • 5.40 AC
For Lease

Property Details for 1111 Olive Ave

Lot size
5.40 AC
Property type
Other commercial real estate
APN
058-090-005-000
APU
58090005000

Description

This exceptional retail opportunity presents 26,758 square feet of available space in a prime Merced, CA location. Previously occupied by a 99 Cents Only store, this property boasts high visibility and accessibility at 1111 W Olive Ave, Merced, CA 95348. The building offers a substantial footprint ideal for a variety of retail uses, benefiting from its established presence and strong historical performance. The site enjoys exceptional daily traffic counts, averaging approximately 71,837 vehicles per day at the intersection of Olive and R Street, ensuring significant exposure to potential customers. This multiple-tenancy property is situated in Merced County, California, providing convenient access to a substantial consumer base. The property's size and location make it an attractive investment for businesses seeking a high-traffic retail space in a thriving market. The space is ready for immediate occupancy and offers a unique chance to establish or expand a retail presence in a well-established commercial area. Interested parties are encouraged to inquire for further details and leasing options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $59,094,416
    Hospitality
    $54,130,168
    Educational
    $45,035,664
    Medical
    $46,584,508
    Retail
    $70,055,480
1111 Olive Ave, Merced, California

Location Insight

City
Merced
County
Merced
State
California
Latitude
37.3202
Longitude
-120.488
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
$112,394
$3,121,200
$7,400,365
$10,521,565
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FAQs

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