3183 Collins,Merced, CA 95348
Merced, CA 95348
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.
Details
| MLS # | MC26048254 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 184 |
| Listing Provided By | BHGRE Everything Real Estate | Eric Jaurique-Pouncey |
Features
| SQ Feet | 4,550 |
|---|---|
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | P-D |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Wood Siding |
| Fencing | None |
Utilities
| Utilities | Water Connected |
|---|
Area Information
| State | CA |
|---|---|
| County | Merced |
| City | Merced |
| Zip Code | 95348 |
| Listing VS Median (in 95348) | |
Price: $975,000 low | high Med: $440,000 sqft: 4,550 low | high Med: 1,611 $ / sqft: $214 low | high Med: $276 On site: 184 low | high Med: 96 | |
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: $975,000 low | high Med: $440,000 sqft: 4,550 low | high Med: 1,611 $ / sqft: $214 low | high Med: $276 On site: 184 low | high Med: 96 | |