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Highlights
- One-of-a-kind build-to-suit opportunity, ideal for developing a QSR, retail, or entertainment building on five contiguous lots totaling 1.03 acres.
- Excellent visibility and exposure at the signalized corner of Martin Luther King Jr. Way and 16th Street, traveled by over 44,750 vehicles daily.
- 245 W 16th Street is near iconic destinations like The Mainzer theater, the Art Kamangar Center, and the newest high-end hotel, the El Capitan.
- Downtown is the hub of many festivals and holiday parades, where people flock for entertainment, live theater, nightlife, and fine dining.
Lot For Lease
Display Rent as
Rent |
|
Lot Size | 1.03 AC |
Lease Term | 10 Years |
Rent | |
Lease Term | 10 Years |
Lot Size | 1.03 AC |
This is a build-to-suit opportunity in the Merced Downtown District. Five contiguous city lots are included in the offering. Existing buildings would need to be demolished. The ownership could be flexible with tenant needs, all or part. This opportunity would make a great spot for a QSR, retail, or entertainment.
Property Overview
245 W 16th Street is a build-to-suit opportunity on a combined five-parcel, 45,000-square-foot lot in the heart of Downtown Merced. The site was the home of a now-demolished Kentucky Fried Chicken. A few existing buildings on the lot would need to be demolished to make way for this new opportunity. This plot of land is perfect for a prime commercial/retail space located on the hard-signalized corner of Martin Luther King Jr. Way and 16th Street. The current owner is flexible with tenant needs and willing to build the new project with a long-term lease commitment. In the Merced Downtown Central Commercial District, strategically placed just two blocks from the existing In-N-Out Burger and the newly proposed Chick-fil-A, this build-to-suit offering is a chance to complement the neighboring dining amenities. The Merced Downtown District is the seat of the local government. It is a hub for cultural and performing arts, art galleries, live performing arts theaters, fine restaurants, and professional offices. This site is down the street from the proposed Merced High-Speed Rail station, which aims to provide public transport throughout Downtown Merced, the University of California-Merced, surrounding residential communities, and the upper San Joaquin Central Valley. Three blocks from the Highway 99 on/off ramp, 245 W 16th Street is positioned to reach the area's neighborhoods and retail districts. With the amenity-rich streets and new proposed developments underway, Downtown Merced is only improving. Don't miss out on the chance to be a staple retail destination and have a front-row seat to the area's growth.
PROPERTY FACTS
Nearby Amenities
Restaurants |
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---|---|---|---|
Donut King's | Donuts | £ | 2 min walk |
Starbucks | Cafe | £ | 3 min walk |
Taco Bell | Fast Food | - | 3 min walk |
Bella Luna Bakery Cafe | Bistro | ££ | 2 min walk |
Popeyes | - | - | 4 min walk |
Taco Bell | Fast Food | - | 4 min walk |
In-N-Out Burger | - | - | 4 min walk |
Wendy's | - | - | 5 min walk |
SONIC | Fast Food | - | 4 min walk |
Subway | - | - | 6 min walk |
Retail |
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---|---|---|
Family Dollar | Dollar/Variety/Thrift | 3 min walk |
Walgreens | Drug Store | 5 min walk |
Smart & Final | Supermarket | 6 min walk |
Regal Cinemas | Cinema | 6 min walk |
CrossFit | Fitness | 7 min walk |
Circle K | Convenience Market | 13 min walk |
United States Postal Service | Business/Copy/Postal Services | 16 min walk |
Costco Wholesale | Wholesale Club | 22 min walk |
Do it Best | Hardware | 24 min walk |
Hotels |
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Courtyard |
90 rooms
3 min drive
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Best Western |
42 rooms
4 min drive
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Leasing Agent
Ernie Ochoa, CCIM, CCIM
Ernie Ochoa attained his real estate license in 1998 and served as Sales Manager at Century 21 M&M Associates from 2005-2008. Previously, Mr. Ochoa also worked as an Assistant Office Manager/Owner of London Properties from 2015 to 2019, where he oversaw brokerage needs in leasing and selling properties. Presently, Ernie Ochoa has many real estate associations that he manages, including State Director for the California Association of Realtors since 2010, President of Merced County Association of Realtors in 2011, Commercial Committee Chair for Merced County Association of Realtors in 2012, Regional Chairman for California Association of Realtor 2014, and Commercial Investment Chair for California Association of Realtor 2019.
Ernie Ochoa earned his real estate knowledge from Merced College and Cal Poly San Luis Obispo, where he completed courses such as CCIM 101,102,103, and 104, Commercial Real Estate Negotiations, and passed the CCIM Comprehensive Final Exam.
Presented by
245 W 16th St
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