1725 16th Street, Merced, CA, 95348

1725 16th Street, Merced, CA, 95348 < >
for sale
$1,975,000
Status:Active
MLS #:MC18023395
Date Updated:
For information contact:
Steve Tinetti
209-354-3838
LIC# 00475070
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Go See This Property
45,176 m/l SF multi-tenanted metal warehouse building located on 3.3 acre parcel and zoned I-L (LIGHT INDUSTRIAL). The southern 8,000 SF portion (i.e. 40' x 200') has a dock high (heavy duty) raised wood floor and the balance of the building is on a concrete dock. Bldg is built on a dock and has multiple truck dock doors and drive-in ramps to get vehicles and equipment from grade level into the bldg. Multiple tenants with monthly gross scheduled rents when 100% occupied . Property listed at 8.74 x Gross Annual Rents. Storm drainage basin to the north of the Merced Mini-Storage is on the subject property but being split off as a separate parcel and then remaining property (approximately 3 m/l acres with building) will potentially be eligible for cannabis related businsesses (Interested party should verify usage with the City of Merced's -Planning Dept.). The northern 20,950 SF space (formerly VSI) is currentlly vacant and avaialbe for lease at $9,000 / month gross and 12,000 SF is vacant and available for lease at $5,400 / month gross as of 6-6-19 there are prospective tenants for both spaces. Current owner is reluctant to commit to long term leases unitl it is known whether a pro

 
Exterior Details
Roof: Barrel, Metal

Community Information
County Or Parish: MercedDirections: From Hwy 99 go north on V street turn left (west) on 16th first driveway beyond stop sign(Hwy 59)

Property Information From MLS Data
Number Of Buildings: 1Property Sub Type: Industrial
Zoning: I-L

Utilities
Utilities: Cable Available, Natural Gas Available, Phone AvailaWater Source: Public

Listing Information Courtesy of:
List Agent First Name: Steve
List Agent Last Name: Tinetti
List Office Name: Tinetti Realty Group

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Monthly Payment for 1725 16th Street
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,975,000
Down Payment:
Loan Amount:$1,580,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from CACRMLS is current as of 6/16/2019 4:07 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.