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62 W 16th St Merced, CA, 95340
$495,000 $95,000 Land for sale 0.50 acres
Great opportunity for investors and developers! This prime commercial land is now available at a newly revised price, offering an even more attractive investment opportunity to bring your visionary projects to life. Discover a golden opportunity with this vacant lot in Merced, located on a busy street, perfect for high visibility and accessibility. This property comes with an approved City of Merced Site Plan Review for a 3,527 square foot building, featuring a full commercial kitchen and drive-through. Additionally, it boasts a 447 square foot dining patio with a charming trellis, enhancing its appeal. Ideal for a restaurant or fast food outlet and site is approved for a double lane drive-through. this lot promises a blend of convenience and style in a bustling area, offering a lucrative venture for savvy investors or developers.
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Property details
21,760 sqft interior area
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None
Land area
21,760 sqft (0.50 acres)
Price per sqft
$22/sqft
Days on Verhouse
170
Address
62 W 16th St, Merced, CA, 95340
City of California
Merced
County
Merced
Previous price
$590,000
District
Listing
Zoning
C-G
Open Houses
No upcoming open houses
Listed by
Alex Rouzbahani, Keller Williams Studio City
Name
Alex Rouzbahani
License number
01424339
Brokerage company
Keller Williams Studio City
MLS #
CL23332813
Payment calculator
Calculate your monthly payments
Mortgage
$1,520
Taxes
$0
HOA dues
$0
Mortgage
$99,000 / 20%
2.28%
30 years
Your amount
$1,520 / month
Lot details
TMK #031360063000
Parcel #
031360063000
95340 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95340
52%
Families with children
National average: 39%
27%
Non family households
103,060
Population
$66,228
Average Income
Age & gender
Median age 30 years
More info
Commute types
86% commute by car
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Education level
23% have high school education
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Number of employees
9% work in education and healthcare
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Vehicles available
33% have 2 vehicle
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Vehicles by gender
33% have 2 vehicle
More info
Housing market insights for
$361.25k
Neighborhood average
sales price*
sales price*
$357.33k
Neighborhood median
sales price*
sales price*
236
Number
of sales*
of sales*
Housing type
73% are single detacheds
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
53% are renters
More info
16.17 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
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Directions to property
On W 16th St. between Martin Lu
Price history
Price Decrease Jan 20, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 20, 2024 | Price Decrease | $495,000 -16.1% | 22.75 | MLS #CL23332813 |
| Nov 16, 2023 | New Listing | $590,000 | 27.11 | MLS #CL23332813 |
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Frequently Asked Questions about 62 W 16th St
What is 62 W 16th St?
62 W 16th St is a lot of 0.50 acres (about is 21,760 sqft).
What is the full address of this Land?
62 W 16th St, Merced, CA, 95340.
Tell me about the point of interest nearby
The closest grocery stores are Merced Food Center, 0.35 miles away and Save More Market, 0.39 miles away.
Based on information from the bridgeMLS as of 05-04-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jan 20, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Merced Food Center, 0.35 miles away and Save More Market, 0.39 miles away.
The 95340 zip area has a population of 103,060, and 52% of the families have children. The median age is 30 years and 86% commute by car. The most popular housing type is "single detached" and 53% is renter.
