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$3,500,000
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Property Description
Prime Downtown Merced Commercial Portfolio - 5 Contiguous C-C Parcels. Rare bulk sale opportunity consisting of five contiguous Central Commercial (C-C) zoned parcels totaling approximately 1.03 acres. All Fully improved commercial lots with utility hookups in place and precious home of Kentucky Fried Chicken drive through. The hard corner consists of a 15,000 SF parcel and operates as the established "Downtown Grubs" food truck plaza, generating strong foot traffic with potential gross rents of approximately $15,000 per month. Improvements include: a ±2,500 SF retail building currently supporting food truck operations (restrooms, storage, utility sinks). A ±6,000 SF retail warehouse leased to an antique & collectibles dealer at $4,125/month gross. All tenants are on month-to-month leases, offering flexibility for investors or owner-users. Located within walking distance to Downtown Merced and near major national retailers including Chick-fil-A (new site), Starbucks, In-N-Out, Popeyes, and Taco Bell. Excellent proximity to Hwy 99 and downtown landmarks such as UC Merced Downtown Campus Center, El Capitan Hotel, and the Mainzer Theatre. Strong existing income with redevelopment and value-add potential in a high-visibility commercial corridor.
Full Property Details
Full Property Details for 1616 Martin Luther King Jr
General
- Price: $3,500,000
- Status: Active
- Type: Commercial
- Source: MRMLS
- MLS ID: MC26032589
- Updated: 2/17/2026
- Days on Market: 17 days
- Added to Site: 17 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Merced
- Building Name: Downtown Grubs
- Driving Directions: From Hwy 99 Northbound, get off on exit 187B - Martin Luther King Jr. Way and turn right.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 8500
- Square Feet: 8,500
Lot Features
- Lot Size (Acres): 1.0331
- Useable Acres: 1.0331
- Lot Size (Sq. Ft.): 45,000
- Lot Size Source: Assessor
- Lot Features: Corner Lot, Level with Street, Rectangular Lot
- Lot Description: Corner Lot, Level with Street, Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $411
Disclosures and Reports
- Investment: Yes
- Property ID: 31154012000
Listed by Keller Williams Property Team, ErnestoOchoa
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Schools
Schools serving 1616 Martin Luther King Jr
School Districts:Merced Union High School District, Merced City Elementary School District
| Name | Grades | Distance |
|---|---|---|
John Muir Elementary School, Merced, CA 300 West 26th Street, Merced, CA 95340 | K-6 | 0.7 mi |
Herbert Hoover Middle School, Merced, CA 800 East 26th Street, Merced, CA 95340 | 7-8 | 0.9 mi |
Merced High School 205 West Olive Avenue, Merced, CA 95348 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1616 Martin Luther King Jr
Date
Details
Price
Change
Source
2/12/2026
Listed
$3,500,000
600%
MLS
3/28/2022
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1616 Martin Luther King Jr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,110
6%
$530,642
2%
2024
$5,789
1%
$520,259
2%
2023
$5,712
75%
$510,080
81%
2022
$3,273
-27%
$281,137
-28%
2021
$4,505
-16%
$388,144
-15%
2020
$5,333
41%
$454,738
93%
2019
$3,795
76%
$235,673
28%
2018
$2,158
-3%
$183,789
2%
2017
$2,231
7%
$180,187
2%
2016
$2,090
-59%
$176,655
-54%
2015
$5,139
2%
$382,451
2%
2014
$5,022
2%
$374,960
—
2013
$4,938
—
$373,267
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1616 Martin Luther King Jr
1616 Martin Luther King Jr, Merced, CA 95340 (MLS# MC26032589) is a Commercial property. 1616 Martin Luther King Jr is currently listed for $3,500,000 and was received on February 12, 2026. Want to learn more about 1616 Martin Luther King Jr? Do you have questions about finding other Commercial real estate for sale in Merced? You can browse all Merced real estate or contact a Coldwell Banker agent to request more information.
