Merced, CA 95340,930 W 16th ST

$1,050,000

$1,475,000

28.8%
Est.Price: ?

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Est. payment /mo

1.7 Acres Lot


SOLD DATE : 05/10/2017

Key Details

Sold Price $1,050,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CC332928

Sold Date 05/10/17

HOA Y/N No

Lot Size 1.700 Acres

Property Description

Zoned CG (General Commercial) one of the last remaining undeveloped sites on 16th Street (formerly Highway 99). Has 436 of frontage (with curb & Gutter) on 16th and is 170' deep. West 16th is a major east west arterial and a primary commercial corridor. Property is adjacent to Merced`s Dining and Entertainment District and within close proximity to and easy access to / from to Freeway 99. Only two parcels removed from R Street (also a major North South arterial connecting 99 to North Merced). Ideal location for auto related businesses such as tire stores, auto parts, body shops etc. also great location for commercial strip center with restaurant. Property is located directly East of the `Carnerceria Vallarta' market ( 1010 West 16th St.). Owners will sell, do a long term ground lease or a build to suit. One of owners is a licensed real estate broker in the state of California.

There are two freestanding bilboards on the property that currently generate $4,800 (i.e. $2,400 / sign) annually for ground rent. Ground lease stipulates that the lease can be terminated by Landlord and Tenant has to remove the signs within 90 days of written notice by Landlord.

Location

State CA

County Merced

Zoning Commercial

Interior

Fireplace No

Exterior

Fence Chain Link, Good Condition

Building

Lot Description Lot Over 40000 Sqft, Near Public Transit, Rectangular Lot, Level

Others

Tax ID 031173004

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Lease Option, Owner May Carry, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Lease Option, Owner May Carry, Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steve Tinetti • Tinetti Realty Group
Bought with General NONMEMBER • CRMLS
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