840 Olive AveMerced, CA 95348

Property Details for 840 Olive Ave

Lot size

0.03 AC

Property type

Commercial real estate

APN

007-330-009-000

APU

7330009000

Description

This exceptional 1,105 square foot mixed-use office condo, located at 840 West Olive Avenue, Suite C, Merced, CA 95348 (APN 007-330-012-000), presents a remarkable investment opportunity. Built in 1980 and extensively renovated in 2017, this single-story property is ideally suited for a variety of professional uses, including executive, medical, or traditional office settings. Previously configured and permitted for a salon/spa with licensed body art practitioners, the space offers versatility for a range of businesses. Its prime location in North Merced places it within a thriving business district, adjacent to a soon-to-be-renovated shopping mall, and surrounded by complementary businesses such as chiropractic, dental, and insurance offices. The asking price is $299,000. This property offers a chance to establish a strong presence in a vibrant and growing community. The property's adaptable layout and recent renovations ensure a move-in ready experience for the discerning buyer. Don't miss this chance to own a piece of Merced's bustling commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $343,524

  6.5%

  $317,099

  7%

  $294,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,065

  Geo Method

  $385,175

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $603,284

  Retail / Commercial

  $313,474

  Mixed-Use / Specialty

  $315,598

  Hospitality / Lodging

  $235,764

  Office

  $317,099

  Institutional / Educational

  $329,253

  Residential Income

  $385,226

  Multifamily

  $444,051

  Automotive / Energy

  $282,217

  Parking / Income-Based Land

  $94,187.40

  Restaurant / Food Service

  $171,062

  Healthcare / Senior Housing

  $320,316

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.3188

Longitude

-120.483

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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