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710 W 18th St
Merced, CA 95340
Civic Plaza · Office Property For Sale
Executive Summary
Downtown Civic Plaza. Gorgeous building with fantastic visibility and traffic. 17 total rentable units, 15 are rented out. All office space with shared bathrooms. Long term tenants that would like to stay. Bankruptcy court sale with approval needed. Approximately 17k in income per month according to the leases we do have. Likely over 20k rent after filling vacancies. We don't have past financial statements, rent rolls, etc. We have all units now with property management and are collecting data as months go by. Year built, Exact Square footage, etc are estimated and unknown. Buyer to investigate.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,100 SF
Building Class
C
Year Built
1970
Price
$2,250,000
Price Per SF
$149.01
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,100 SF
Building FAR
1.02
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C-C - Commercial
Parking
20 Spaces (1.32 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 031-131-007 | Improvements Assessment | $1,268,628 |
| Land Assessment | $131,235 | Total Assessment | $1,399,863 |
Property Taxes
Parcel Number
031-131-007
Land Assessment
$131,235
Improvements Assessment
$1,268,628
Total Assessment
$1,399,863
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