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245 W 16th St

1.03 Acres of Commercial Land for Lease in Merced, CA 95340

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
  • Upon Application
  • Upon Application
  • Upon Application
  • Upon Application
  • Upon Application
  • Upon Application
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

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Fast Food
  • Restaurant
  • Specialty, Festival or Entertainment
  • Storefront, Retail or Office
  • Supermarket
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Amenities

Restaurants

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

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

Courtyard
90 rooms
3 min drive
Best Western
42 rooms
4 min drive

Leasing Agent

Leasing Agent

(209) 704-7653
Contact
Ernie Ochoa, CCIM, CCIM
(209) 704-7653
Contact
Ernie Ochoa is the CCIM (Certified Commercial Investment Member) of the Keller Williams Property Team in Merced, California, where he specializes in the sale and lease of development, agricultural and ranch, and multifamily land in Merced County. He has been a CCIM designee since 2022.
    
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.
  • Listing ID: 31154400

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 245 W 16th St, Merced, CA 95340

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