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$975,000
Est. payment /mo
7,152 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC26048254
HOA Y/N No
Lot Size 7,152 Sqft
Property Sub-Type Office
Property 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.
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.
Location
State CA
County Merced
Zoning P-D
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Water Connected
Roof Type Shingle
Building
Story 2
Water Public
Others
Tax ID 236230005000
Special Listing Condition Standard
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Listed by Eric Jaurique-Pouncey BHGRE Everything Real Estate 209-769-3934, DRE #02154006
NEARBY SCHOOL & BUSINESS
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