851 W Olive Ave | Merced, CA 95348
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- LoopNet Team
851 W Olive Ave
Merced, CA 95348
Merced Mall · Retail Property For Sale
Investment Highlights
- Located in the rapidly growing Central region of California, the city of Merced is projected to experience significant population growth.
- Under 5 miles from Merced Mall at Highway 99 and Campus Parkway interchange is the location of the new ±77 acre master planned community
- Only Kohl’s and JCPenney have more than 5 years of term remaining, which allows for full discretion in creating a new site plan.
- Ownership has worked with the city of Merced to fully permit the redevelopment/repositioning of the premises.
- This offering is positioned to provide an investor an exceptional basis. Pricing expectations are grounded in Retail Land Value
- The site also has the potential for Housing and Student Housing to create a mixed-use campus.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
473,806 SF
Building Class
C
Year Built/Renovated
1969/1999
Tenancy
Multiple
Number of Floors
1
Loading Docks
6 Exterior
Building FAR
0.40
Lot Size
27.32 AC
Zoning
PD
Parking
3,000 Spaces (9.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Food Court
- Kiosk/Cart Space
- Enclosed Mall
- Energy Star Labelled
PROPERTY TAXES
| Parcel Number | 236-220-038 | Improvements Assessment | £13,750,724 |
| Land Assessment | £1,894,692 | Total Assessment | £15,645,416 |
PROPERTY TAXES
Parcel Number
236-220-038
Land Assessment
£1,894,692
Improvements Assessment
£13,750,724
Total Assessment
£15,645,416
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