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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 Available
Display Rental Rate as
Rental Rate |
|
Lot Size | 1.03 AC |
Lease Term | 10 Years |
Rental Rate | |
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
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245 W 16th St
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