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Property Description
Here is an opportunity to acquire a LOCAL Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.
Full Property Details
Full Property Details for 635 Fairfield Dr
General
- Price: $2,800,000
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226088940
- Updated: Today (7/14/2026)
- Added to Site: Today
Business
- Business Type: Commercial
Interior
- Flooring: Carpet
Additional Information
- Other Features: 12 to 18 Ft Ceilings, Conference Room
Parking
- Parking: Public
Location
- County: Merced
- Cross Streets: Olive
- Driving Directions: Right on M street turn left on Olive and a right onto Fairfield Dr.
- Location Details: Shopping Nearby
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Varies by Unit
Structural Information
- Construction: Concrete
- Foundation: Concrete
- Roof: Flat
- Stories/Levels: 0
- Square Feet: 7,676
Lot Features
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Irrigation System: Public District
- Zoning: P-D
Financial Considerations
- Tenant Pays: Varies by Unit
- Tenant Expense: Varies by Unit
Disclosures and Reports
- Special Conditions: None
- APN: 236-220-016-000
Listed by Keller Williams Merced
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Schools
Schools serving 635 Fairfield Dr
School Districts:Merced City Elementary School District, Merced Union High School District
| Name | Grades | Distance |
|---|---|---|
Luther Burbank Elementary School, Merced, CA 609 East Alexander Avenue, Merced, CA 95340 | K-6 | 1 mi |
Merced High School 205 West Olive Avenue, Merced, CA 95348 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 635 Fairfield Dr
Date
Details
Price
Change
Source
7/14/2026
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales 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 635 Fairfield Dr
635 Fairfield Drive, Merced, CA 95348 (MLS# 226088940) is a Single Family property with 0 bedrooms and 0 full bathrooms. 635 Fairfield Drive is currently listed for $2,800,000 and was received on July 14, 2026. Want to learn more about 635 Fairfield Drive? Do you have questions about finding other Single Family real estate for sale in Merced? You can browse all Merced real estate or contact a Coldwell Banker agent to request more information.

