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1340 W Olive Ave
Merced, CA 95348
Olivewood Center · Retail Property For Sale
Investment Highlights
- In-Place Tenancy: The property is 6,000 square feet and is comprised of AT&T, GameStop and ACE Cash Express
- Strong Local Population Count: Merced consists of a continuously growing population count of 100,000 people in an immediate vicinity
- Long-Term Leasehold Interest: An investor has the opportunity to acquire the leasehold interest with 16 Years remaining
- Attractive Retail Corridor: The Subject is an outparcel to a FoodMaxx and Hobby Lobby anchored center along with Sally Beauty, Sizzler, and more
- Affluent Demographics: The Subject is surrounded by neighborhoods averaging an income of $85,000 in a 5-Mile radius
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,837 SF
Building Class
C
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.87
Lot Size
0.18 AC
Zoning
P-D - Minor Commerical
Parking
40 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
142’ on Olive Ave
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 058-230-023 | Improvements Assessment | $1,157,700 |
| Land Assessment | $51,000 | Total Assessment | $1,208,700 |
Property Taxes
Parcel Number
058-230-023
Land Assessment
$51,000
Improvements Assessment
$1,157,700
Total Assessment
$1,208,700
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