2777 State Highway 59Merced, CA 95348

Property Details for 2777 State Highway 59

Lot size

18.74 AC

Property type

Industrial properties

Property subtype

Other industrial properties

APN

059-450-056

APU

59450056

Description

This expansive 98,239-square-foot warehouse in Merced, CA, presents a significant opportunity for businesses seeking ample space and strategic location. The single-story, 1970-built structure boasts a 24-foot ceiling height (up to 40 feet between trusses in the center), offering substantial vertical storage capacity. The building features two loading docks with two dock-high doors and five drive-in doors, ensuring efficient loading and unloading operations. Inside, the warehouse includes two 12,544-square-foot refrigerated walk-in boxes capable of maintaining 40° temperatures, and a 1,200-square-foot two-story office. A 1,113-square-foot sprinklered canopy covers the double recessed exterior truck dock. Men's and women's restrooms (486 square feet) are conveniently located within the building. The property sits on a 22.3-acre parcel, fully fenced with two electronic gates for secure access from Highway 59 and Cooper Avenue. The property is zoned I-H (Heavy Industrial) and is well-suited for a cannabis-related business (prospective tenants should verify with local authorities). A 2,000-amp electrical panel, serviced by Merced Irrigation District Electric Utility Company (MID), offers substantial cost savings compared to PG&E rates. The landlord provides free high-speed internet. Additional acreage is available for potential build-to-suit projects. The property's proximity to the proposed Altamont Corridor Express Train (ACE Train) maintenance yard adds further value. Long-term lease rates (5+ years) start at $0.55 per square foot NNN, except for cannabis-related businesses, which start at $0.60 per square foot NNN. NNN expenses are approximately $0.10 per square foot per month.

• Alternative Use

  Use

  Valuation

  Residential

  $205,079,408

  Hospitality

  $187,851,632

  Educational

  $156,290,352

  Medical

  $161,665,424

  Retail

  $243,118,336

Location Insight

City

Merced

County

Merced

State

California

Latitude

37.3144

Longitude

-120.508

CBSA code

32900

CBSA name

MERCED, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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