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1407 W 16th St Merced, CA, 95340
$1,500,000 Commercial for sale Comm Ind For Sale
22 room motel for sale, located on a main artery of 16th St in Merced, zoned C-G, general commercial on a 32000 sf lot. Motel features two buildings, east side has a new roof, and some 2 car garages. Property sits with access to both "Main" St and 16th St. Creative multi unit housing provided here with 20 of the 22 units currently occupied (sans 2 rooms undergoing renovation). This business opportunity provides a sustainable income opportunity on a heavily trafficked road of 16th St very close to the proposed Ace Train station. https://hsr.ca.gov/high-speed- rail-in-california/station-com munities/merced/ **OWNER FINANCING AVAILABLE WITH SUITABLE TERMS**. Possibility of positive cash flow in under 10 years! Be your own boss! Let's make it happen!
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Property details
9,999 sqft interior area
Land area
32,000 sqft (0.73 acres)
Days on Verhouse
154
Address
1407 W 16th St, Merced, CA, 95340
City of California
Merced
County
Merced
Parking Spaces
22
District
Listing
Nearby major retailers
Costco
Lowe's
Walmart
Wholesale: 1
Do it yourself: 1
Supermarket: 1
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Interior Features
22 parking places
Roof
Shingle
Utilities Included
Cable Connected
Listed by
Larrae Iencarelli, Century 21 Select Real Estate
Name
Larrae Iencarelli
License number
01735008
Brokerage company
Century 21 Select Real Estate
MLS #
CRMC23225743
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Mortgage
$4,606
Taxes
$0
HOA dues
$0
Mortgage
$300,000 / 20%
2.28%
30 years
Your amount
$4,606 / month
Lot details
TMK #031094005000
Parcel nr.
031094005000
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
—
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
51%
Families with children
National average: 39%
29%
Non family households
103,060
Population
$66,228
Average Income
Age & gender
Median age 29 years
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Commute types
87% commute by car
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Education level
23% have high school education
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Number of employees
10% 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
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Housing market insights for
$369.51k
Neighborhood average
sales price*
sales price*
$358.7k
Neighborhood median
sales price*
sales price*
230
Number
of sales*
of sales*
Housing type
71% 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
54% are renters
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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
Price history
New Listing Dec 13, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 13, 2023 | New Listing | $1,500,000 | 0 | MLS #CRMC23225743 |
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Frequently Asked Questions about 1407 W 16th St
What is 1407 W 16th St?
1407 W 16th St is a Commercial/Industrial propertywith 9,999 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1407 W 16th St, Merced, CA, 95340.
What comparable properties are nearby?
Comparable nearby commercial properties include 436 E Yosemite Ave, 2000 Jetlift Dr, 2527 E Pacheco Pass, 1385 E Robertson Blvd, 1400 W Glenwood Ave, 32183 Highway 41.
Based on information from the bridgeMLS as of 05-14-2024. 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: Mar 24, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Cardenas Markets, 0.25 miles away and Grocery Outlet, 0.25 miles away.
The 95340 zip area has a population of 103,060, and 51% of the families have children. The median age is 29.91 years and 87% commute by car. The most popular housing type is "single detached" and 54% is renter.