635 Fairfield Drive,Merced, CA 95348
Merced, CA 95348
Description
Here is an opportunity to acquire a "LOCAL" Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.
Details
| MLS # | MC26148699 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Building Name | Prospero |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 61 |
| Listing Provided By | Keller Williams Property Team | Ernesto Ochoa |
Features
| SQ Feet | 7,676 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | P-D |
| Acreage | 0.18 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Membrane |
|---|---|
| Lot Features | Street Level |
Utilities
| Utilities | See Remarks |
|---|
Taxes
| Property | 28000 |
|---|
Area Information
| State | CA |
|---|---|
| County | Merced |
| City | Merced |
| Zip Code | 95348 |
| Listing VS Median (in 95348) | |
Price: $2,800,000 low | high Med: $445,000 sqft: 7,676 low | high Med: 1,852 $ / sqft: $365 low | high Med: $240 On site: 61 low | high Med: 82 | |
Market Activity 95348
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Learn More About This Property
| State | CA |
|---|---|
| County | Merced |
| City | Merced |
| Zip Code | 95348 |
| Listing VS Median (in 95348) | |
Price: $2,800,000 low | high Med: $445,000 sqft: 7,676 low | high Med: 1,852 $ / sqft: $365 low | high Med: $240 On site: 61 low | high Med: 82 | |