Listed by Del Real Commercial Real Estate
$1,350,000
1029 Martin Luther King Junior Way
Details
Property Type Retail, Industrial
Sub Type Storefront, Distribution
Square Footage 7,000
Units 1
Occupancy 100%
Tenancy Single
Class B
Year Built 1990
Year Renovated 2020
Buildings 1
Acreage 0.630
Zoning General Commercial (C-G)
Parking Spaces 2.86 per 1,000 sq ft
Ground Lease No
Sale Condition N/A
Renovated ±7,000 SF Retail/Flex Building | Hwy 99 Corridor | Qualified Opportunity Zone
Marketing description
Del Real Commercial is pleased to present 1029 Martin Luther King Jr Way, a ±7,000 SF freestanding retail/industrial-flex building on a 0.63-acre lot in Merced, California — comprehensively renovated beginning in 2020 and positioned just 0.24 miles from Highway 99.
Investment highlights
- ±$340,844 in documented, high-quality improvements since 2020—strong cost basis beneath asking value
- Extensive renovation: remodeled showroom, epoxy shop floors, LED lighting, new insulation, custom cabinetry, and two installed car lifts
- New ±$45,000 LED programmable sign for street-level marketing visibility
- 87 FT of frontage on MLK Jr Way — 11,674+ VPD directly past the site
- Highway 99 corridor exposure—47,000–52,000+ VPD approximately 0.24 miles away
- Flexible C-G (Commercial General) zoning — retail, vehicle-related, and light-industrial uses by right
- Designated Qualified Opportunity Zone — potential tax incentives expand the buyer pool
- Secured, improved yard: black-coated chain-link fencing on concrete curb, camera system, security lighting, two storage sheds
- 20 surface parking spaces (2.86/1,000 SF)
- Priced below replacement and improvement cost amid tightening vacancy and 3.78% projected population growth through 2030
Currently owner-occupied by Car Plus, an automotive audio, air conditioning, security, and remote-start installation business—a fully conforming use.
Listing Contacts
Listed by Del Real Commercial Real Estate
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