961 W 16th Street,  Merced CA, 95340 (Commercial)

Status: Backup Offers
MLS#: MC16717002
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Last Updated: 12/9/2016 3:04 PM
Description for 961 W 16th Street Merced, CA 95340
6,500 square foot concrete block building in a C-C (Central Commercial) zone with 80' of frontage on West 16th Street and 150 deep (12,000 SF parcel). Has City maintained 20' wide paved alley in the back (i.e. north) side of property. Has asphalt paving to the north and west of the building. Chain link fence on the north side provides security for small yard area and paving on the west side provides off street parking lot to service the building. Currently occupied on a month-to-month basis by Smith Auto Parts who has occupied the building for more than two decades on a leased basis but has recently gone to MTM tenancy. Current tenant pays $2,100 ($.32/SF) / month NN. Current market rent is around $3,250 ($.50/SF) / month NN. Owner prefers to sell the property but will consider a long term lease with a satsfactory tenant. Property is being sold as is and is priced accordingly.
Price
$325,000
Merced
MC16717002
Backup Offers
Description
6,500 square foot concrete block building in a C-C (Central Commercial) zone with 80' of frontage on West 16th Street and 150 deep (12,000 SF parcel). Has City maintained 20' wide paved alley in the back (i.e. north) side of property. Has asphalt paving to the north and west of the building. Chain link fence on the north side provides security for small yard area and paving on the west side provides off street parking lot to service the building. Currently occupied on a month-to-month basis by Smith Auto Parts who has occupied the building for more than two decades on a leased basis but has recently gone to MTM tenancy. Current tenant pays $2,100 ($.32/SF) / month NN. Current market rent is around $3,250 ($.50/SF) / month NN. Owner prefers to sell the property but will consider a long term lease with a satsfactory tenant. Property is being sold as is and is priced accordingly.
Listing Information
Property Type: General Commercial, Other
Neighborhood
Room Information
Exterior / Lot Features
None
CC
Driving Directions
from Highway 99 go north of R Street to West 16th Street go left (east) on 16th Street property is on the left (north ) side of the street between P and Q Streets
Financial Considerations
031122014000
Listing Price History

Merced Real Estate

Merced is located in California. Merced, California 95340 has a population of 78,953.

The median household income in Merced, California 95340 is $38,253. The median household income for the surrounding county is $43,565 compared to the national median of $53,046. The median age of people living in Merced 95340 is 28.3 years.

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Courtesy: Tinetti Realty Group Steve Tinetti
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