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- LoopNet Team
3190 M St
Merced, CA 95348
Citibank, Merced · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
- Air Conditioning
ABOUT 3190 M ST , MERCED, CA 95348
Single tenant Citibank (Dark) with drive-thru and safe deposit box. 10 year lease extension executed by Citibank in 2014 with 1.5% annual increases. The asking price, $990,000 is without the lease (contingent upon early lease termination as part of escrow); with the lease, $1,359,457 at CAP 7. Owner is willing to carry some note. Located at signalized intersection nearby major shopping center, Merced Mall, movie multiplex, PG & E Customer Service Center and Social Security Administration. This is a great location for a bank as well as other retail businesses, e.g., medical/dental, day care, fast food or coffee shop with drive through, etc. An excellent opportunity for developers and owner users to acquire an income property that will convert to suit your needs.
PROPERTY TAXES
| Parcel Number | 236-230-001 | Improvements Assessment | $716,143 |
| Land Assessment | $334,654 | Total Assessment | $1,050,797 |
PROPERTY TAXES
