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30075437
30075438

3183 Collins, Merced, CA 95348

EP
CA CA 02154006
BHGRE Everything Real Estate
MY
CA 02092689
Merced Yosemite Realty
Listed by BHGRE Everything Real Estate, Merced Yosemite Realty
$975,000
97 days on market
Updated 10 days ago

3183 Collins

Details
APN 236-230-005
Property Type Special Purpose
Sub Type Other
Square Footage 4,550
Occupancy 82%
Pro-Forma Cap Rate 7.04%
Pro-Forma NOI $68,600
Price per SqFt $214
Class B
Year Built 1990
Stories 2
Lot Size (SqFt) 7,152
Zoning P-D

Special Purpose | 4,550 SqFt

Marketing description

Prime commercial office opportunity located at 3183 Collins Dr in Merced, CA. This professional office building offers approximately 4,550 square feet of space on a 7,152 square foot parcel and was built in 1990 with P-D zoning. The property includes five separate office suites, creating a flexible layout suitable for investors or owner users seeking income with upside potential. One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time. This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses. Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.

Investment highlights

Prime commercial office opportunity located at 3183 Collins Dr in Merced, CA. This professional office building offers approximately 4,550 square feet of space on a 7,152 square foot parcel and was built in 1990 with P-D zoning. The property includes five separate office suites, creating a flexible layout suitable for investors or owner users seeking income with upside potential.

One suite is currently vacant, providing immediate opportunity for an owner user or the ability to lease at current market rates. One suite is occupied by a long term tenant, offering stability and consistent income. The remaining suites are currently operating on month to month lease agreements, giving a new owner the flexibility to reposition rents, renegotiate lease terms, or adjust the tenant mix to increase the property's cap rate over time.

This versatile tenancy structure allows multiple ownership strategies including stabilizing the property as an income producing asset, increasing rental income through market rate leasing, or occupying part of the building while maintaining revenue from other suites. The layout of multiple suites also supports a variety of professional office uses including administrative offices, medical related services, consulting firms, or other professional businesses.

Positioned within a professional office corridor in Merced, the property benefits from its location within an established commercial area surrounded by other professional services and business activity. The configuration, flexible leases, and vacant suite make this property particularly attractive for buyers seeking a combination of current income and value add potential.

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Listing Contacts

EP
CA CA 02154006
BHGRE Everything Real Estate
MY
CA 02092689
Merced Yosemite Realty
Listed by BHGRE Everything Real Estate, Merced Yosemite Realty

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Additional Information

Name
Eric Jaurique Pouncey
License
CA 02154006
Name
Merced Yosemite Realty
License
02092689
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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