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Executive Summary

Exceptional investment and development opportunity in Merced featuring four income-producing properties being sold together across two separate APNs, 034-121-013 (1785 E. 21st Street) and 034-121-020 (1799 E. 21st Street). This unique offering benefits from a shared City of Merced water meter while each building maintains its own PG&E meter, creating operational flexibility for future ownership. The 1799 E. 21st Street parcel includes an approximately 1,930 square foot main storefront with convenient front parking and access to a larger shared lot, along with an additional corner property at 1005 Keely Avenue totaling approximately 1,224 square feet that is currently leased to a Booster Club and previously operated as a bar for many years. In addition, there is a separate single-family residence at 2149 Keely Avenue offering approximately 1,095 square feet with 2 bedrooms and 1 bath that has been occupied by a long-term tenant. The 1785 E. 21st Street parcel, also available under MLS #MC26095315, is leased to a long-standing small engine repair and sales business and features an approximately 1,200 square foot main building, a large parking lot, an additional approximately 1,450 square foot storage or mixed-use structure with loading ramp, and a smaller detached work or storage area of approximately 300 square feet. With multiple income streams, established tenants, and a versatile mix of commercial and residential uses, this property presents strong potential for investors or developers seeking value-add opportunities in a growing area. The tenant in the home has been renting the property for many years. Buyer to investigate and verify all information with appropriate municipalities. Look up 1785 E. 21st Street for a complete discription of the parcel next door. Seller wishes to sell both together.

Property Facts

Price $1,125,000
Price Per SF $263.47
Sale Type Investment or Owner User
Sale Condition 1031 Exchange
Property Type
Flex
  • General Retail Bar
  • General Retail Convenience Store
  • General Retail Health Club
Lot Size 0.42 AC
Rentable Building Area 4,270 SF
No. Stories 1
Year Built 1950
No. Dock-High Doors/Loading 1
Opportunity Zone Yes
Zoning C-2 - Merced’s C-2 (General Commercial) zoning designation that permits a wide variety of retail stores, service businesses, entertainment establishments.

Amenities

  • Controlled Access
  • Courtyard
  • Fenced Lot
  • Storage Space
  • Air Conditioning
  • Breakroom
  • Cafe
  • Awning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 034-121-020
  • 034-121-013
Land Assessment
$220,297
Improvements Assessment
$292,330
Total Assessment
$512,627
  • Listing ID: 41288660

  • Date on Market: 7/14/2026

  • Last Updated:

  • Address: 1799 E 21st St, Merced, CA 95340

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