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851 Olive Ave - Marketplace at Merced
1.15 - 1.49 Acre Commercial Land Lots Offered at $2,179,000 - $2,750,000 Per Lot in Merced, CA 95348
INVESTMENT HIGHLIGHTS
- Fronting well traveled W Olive Ave in Merced
- Surrounded by many national tenants
EXECUTIVE SUMMARY
Existing site improvements (paving, landscaping, curb, gutter, sidewalk, parking lot lighting, etc.) have a replacement cost of at least $10.00 PSF which is included in the above prices.
PROPERTY FACTS
2 LOTS AVAILABLE
Lot
| Price | $2,179,000 | Lot Size | 1.15 AC |
| Price Per AC | $1,898,344.89 |
| Price | $2,179,000 |
| Price Per AC | $1,898,344.89 |
| Lot Size | 1.15 AC |
Existing site improvements (paving, landscaping, curb, gutter, sidewalk, parking lot lighting, etc.) have a replacement cost of at least $10.00 PSF which is included in the prices.
Lot
| Price | $2,750,000 | Lot Size | 1.49 AC |
| Price Per AC | $1,842,922.67 |
| Price | $2,750,000 |
| Price Per AC | $1,842,922.67 |
| Lot Size | 1.49 AC |
Existing site improvements (paving, landscaping, curb, gutter, sidewalk, parking lot lighting, etc.) have a replacement cost of at least $10.00 PSF which is included in the above prices.
DESCRIPTION
Servicing a large geographic section of California’s Central Valley, Marketplace at Merced is undergoing a major redevelopment to ensure its long term dominance in the market. The 53-acre shopping destination will move towards becoming more entertainment and service-driven which will result in more foot traffic and repeat customers. Located in the rapidly growing Central region of California, the city of Merced is projected to experience significant population growth. California’s population is estimated to grow by over 10M people by 2030, San Joaquin Valley is expected to see a significant portion of this growth.
PROPERTY TAXES
| Parcel Number | 236-220-038 | Improvements Assessment | $17,234,723 |
| Land Assessment | $2,374,747 | Total Assessment | $19,609,470 |
PROPERTY TAXES
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851 Olive Ave - Marketplace at Merced
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