Discover an exceptional investment opportunity with this prime commercial land located on the bustling W 16th Street in Merced. Perfectly situated for maximum visibility and accessibility, this vacant lot is ideal for investors and developers looking to capitalize on the high traffic and strategic location. The property, listed at $395,000, spans 21,760 square feet (0.5 acres) and is zoned C-G (Commercial General). It comes with an approved City of Merced Site Plan Review for a 3,527 square foot building, featuring a full commercial kitchen and a double lane drive-through. Additionally, the site includes a 447 square foot dining patio with a charming trellis, making it perfect for a restaurant or fast food outlet. Located on a main street, this property benefits from significant foot and vehicle traffic. The Walk Score of 90 indicates that this area is a walker's paradise, while the Bike Score of 66 shows it's also bike-friendly. Public transportation options are abundant, with multiple bus routes serving the area, ensuring easy access for both customers and employees. Nearby amenities include several stores and restaurants, enhancing the property's attractiveness. For instance, Family Dollar is just down the street, along with a variety of other dining and shopping establishments within walking distance. The area is also home to several educational institutions, including John Muir Elementary, Herbert Hoover Middle School, and Merced High School, making it convenient for families. This commercial lot offers a lucrative opportunity for savvy investors or developers. The strategic location on a main street, combined with the approved site plans, positions this property as a prime candidate for a high-traffic commercial establishment. Whether you're envisioning a bustling restaurant, a convenient fast food outlet, or another commercial venture, this lot provides the perfect canvas for your vision. Don't miss out on this chance to invest in a rapidly growing area with high visibility and easy accessibility.
Property Details
Property Features
Listing Office:
Office Name: eXp Realty of Greater Los Angeles
Office Phone: (888) 652-1314
Listing Agent: Alex Rouzbahani
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.50 Acres
Other
Directions Information:
Directions: On 16th St. Between G st. and Martin Luther King Jr Way
Price Information
Listing Price Info
Price Summary:
List Price: $395,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Merced, CA.
This property is $0 less than the Median Sold Price in Merced, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24420849
Listing Office:
Office Name: eXp Realty of Greater Los Angeles
Office Phone: (888) 652-1314
Listing Agent: Alex Rouzbahani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,039
Per Month
Principal & Interest
$1,972
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,251
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Don Stowell Elementary School
251 E 11th St
Distance between this listing and this school0.48 miles
Public District Grades KG-6
4
/10
John Muir Elementary School
300 W 26th St
Distance between this listing and this school0.73 miles
Public District Grades KG-6
3
/10
Charles Wright Elementary School
900 E 20th St
Distance between this listing and this school0.79 miles
Public District Grades KG-6
Nearby Schools
4
/10
Herbert Hoover Middle School
800 E 26th St
Distance between this listing and this school0.81 miles
Public District Grades 7-8
4
/10
Tenaya Middle School
760 W 8th St
Distance between this listing and this school0.95 miles
Public District Grades 7-8
5
/10
Rudolph Rivera Middle School
945 Buena Vista Dr
Distance between this listing and this school2.03 miles
Public District Grades 7-8
Nearby Schools
2
/10
Yosemite High (Continuation)
1900 G St
Distance between this listing and this school0.23 miles
Public District Grades 9-12
4
/10
Independence High (Alternative)
1900 G St
Distance between this listing and this school0.23 miles
Public District Grades 9-12
5
/10
Merced High School
205 W Olive Ave
Distance between this listing and this school1.54 miles
The neighbors living near this home have an average income of $20,664. The majority of Merced, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 62 W 16th St
What is the listing price of this property?
The listing price of 62 W 16th St property is $395,000.
What type of property is this?
The property 62 W 16th St is land located in Merced, California, 95340.
Is this property for sale now?
Active Listing: 62 W 16th St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 62 W 16th St in Merced, CA and zip code 95340. This home sits on a 0.50 acre lot. It has been listed on Rocket Homes since August 04, 2024 and is currently priced at $395,000.
While more than 17 listings in Merced, CA in November 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 24 were sold below. In November 2024 in Merced, CA there were 7.7% less homes for sale than in October 2024. In November 2024, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $395,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
UFC
UFC
Pro Wrestling
Family Dollar
Burlington
Chico's
Burger King
Cicis Pizza
Popeyes
Buick
Pontiac
Dodge
Urban Contemporary
Jazz
News