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MLS® ID: MC18023395

1725 W 16th Street

Merced, California, 95348

$1,975,000 Active
  • - SQFT
45,176 m/l SF multi-tenanted metal warehouse building located on 3.3 acre parcel and zoned I-L (LIGHT INDUSTRIAL). The southern 8,000 SF portion (i.e. 40' x 200') has a dock high (heavy duty) raised wood floor and the balance of the building is on a concrete dock. Bldg is built on a dock and has multiple truck dock doors and drive-in ramps to get vehicles and equipment from grade level into the bldg. Multiple tenants with monthly gross scheduled rents when 100% occupied . Property listed at 8.74 x Gross Annual Rents. Storm drainage basin to the north of the Merced Mini-Storage is on the subject property but being split off as a separate parcel and then remaining property (approximately 3 m/l acres with building) will potentially be eligible for cannabis related businsesses (Interested party should verify usage with the City of Merced's -Planning Dept.). The northern 20,950 SF space (formerly VSI) is currentlly vacant and avaialbe for lease at $9,000 / month gross and 12,000 SF is vacant and available for lease at $5,400 / month gross as of 6-6-19 there are prospective tenants for both spaces. Current owner is reluctant to commit to long term leases unitl it is known whether a prospective buyer will want to occupy the property? NOTE THAT THE PROPERTY LINE ON THE WEST SIDE OF THE PROPERTY IS AT OR VERY CLOSE TO THE WEST WALL OF THE BUILDING (I.E. THE RAILROAD STILL OWNS THE LAND UNDERNEATH THE ABANDONED RAIL SPUR). Building as both doc
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Listing courtesy of Tinetti Realty Group

Amenities

  • Zip
    95348
  • Office name
    Tinetti Realty Group
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Industrial
  • Zoning type
    I-L
  • Year built
    0
  • Lot size
    143748.00
  • Tax year
    0
  • Agent name
    Steve Tinetti
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Full baths
    0
  • Half baths
    0

Location

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