Renovated ±7,000 SF Retail/Flex Building 1029 Martin Luther King Jr Way 7,000 SF Retail Building Merced, CA 95341 $1,350,000 ($192.86/SF)

1029 Martin Luther King Jr Way is a ±7,000 SF freestanding retail/industrial-flex building on a 0.63-acre (27,443 SF) parcel in Merced, California. Built in 1990 and comprehensively renovated beginning in 2020, the asset combines a retail showroom, a fully equipped service shop, office space, a customer waiting area, and a fenced, secured yard with two on-site storage sheds.
The renovation program totals ±$340,844 in documented improvements, including a complete showroom remodel with new laminate flooring and an open industrial ceiling; a full shop upgrade with new insulation, epoxy-coated floors, LED lighting, custom cabinets and workstations, and two installed car lifts; black-coated chain-link security fencing on a concrete curb foundation; camera security and dedicated security lighting; fresh exterior paint; and a new ±$45,000 LED programmable sign.
Merced's commercial submarket continues to tighten, with vacancy down year-over-year, average sale pricing up from $177/SF to $187/SF, projected population growth of 3.78% through 2030, and proximity to UC Merced supporting long-term corridor demand. The property is currently owner-occupied by Car Plus, a fully conforming automotive-service use, and is priced below replacement and improvement cost relative to recent comparable sales.