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3183 Collins Dr
Merced, CA 95348
Office Property For Sale


Executive Summary
Prime commercial office opportunity located at 3183 Collins Dr in Merced, CA. This professional office building offers approximately 4,550 square feet of space on a 7,152 square foot parcel and was built in 1990 with P-D zoning. The property includes five separate office suites, creating a flexible layout suitable for investors or owner users seeking income with upside potential.
One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time.
This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses.
Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.
One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time.
This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses.
Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,450 SF
Building Class
B
Year Built
1990
Price
$975,000
Price Per SF
$219.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,450 SF
Building FAR
0.62
Lot Size
0.16 AC
Zoning
P-D - Planned Development
Parking
10 Spaces (2.25 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 236-230-005 | Improvements Assessment | $531,684 |
| Land Assessment | $158,203 | Total Assessment | $689,887 |
Property Taxes
Parcel Number
236-230-005
Land Assessment
$158,203
Improvements Assessment
$531,684
Total Assessment
$689,887
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