Description

Exceptional investment and development opportunity in Merced featuring four income-producing properties being sold together across two separate APNs, 034-121-013 (1785 E. 21st Street) and 034-121-020 (1799 E. 21st Street). This unique offering benefits from a shared City of Merced water meter while each building maintains its own PG&E meter, creating operational flexibility for future ownership. The 1799 E. 21st Street parcel includes an approximately 1,930 square foot main storefront with convenient front parking and access to a larger shared lot, along with an additional corner property at 1005 Keely Avenue totaling approximately 1,224 square feet that is currently leased to a Booster Club and previously operated as a bar for many years. In addition, there is a separate single-family residence at 2149 Keely Avenue offering approximately 1,095 square feet with 2 bedrooms and 1 bath that has been occupied by a long-term tenant. The 1785 E. 21st Street parcel, also available under MLS #MC26095315, is leased to a long-standing small engine repair and sales business and features an approximately 1,200 square foot main building, a large parking lot, an additional approximately 1,450 square foot storage or mixed-use structure with loading ramp, and a smaller detached work or storage area of approximately 300 square feet. With multiple income streams, established tenants, and a versatile mix of commercial and residential uses, this property presents strong potential for investors or developers seeking value-add opportunities in a growing area. The tenant in the home has been renting the property for many years. Buyer to investigate and verify all information with appropriate municipalities.