- For Sale $1,350,000
- Property Type Industrial - Showroom - Industrial
- Property Size 7,000 SF
- Units 1
- Lot Size 0.63 Acre
- Property Tenancy Single Tenant
- Year Built 1990
- Year Renovated 2020
- Date Updated Jul 22, 2026
- HVAC None
Description
The property sits along Martin Luther King Jr Way in Merced, roughly a quarter-mile from State Highway 99, the primary north-south artery through California's Central Valley. Highway 99 carries approximately 47,000–52,000 vehicles per day at this segment, while MLK Jr Way itself sees roughly 11,674 vehicles per day directly past the site — giving the property strong visibility on both a local and regional traffic corridor.
Merced's commercial market is tightening, with submarket vacancy down year-over-year and average sale pricing up from $177/SF to $187/SF. The immediate trade area is also benefiting from projected population growth of roughly 3.78% through 2030 and proximity to UC Merced, reinforcing long-term demand fundamentals for the corridor.1029 Martin Luther King Jr Way is a ±7,000 SF freestanding retail/industrial-flex building on a 0.63-acre (27,443 SF) lot in Merced, California. Built in 1990 and comprehensively renovated beginning in 2020, the property pairs a retail showroom with a fully equipped service shop, office space, customer waiting area, and a fenced, secured yard with two on-site storage sheds.
The 2020 renovation was extensive and covers nearly every system in the building: a complete showroom remodel with new laminate flooring and an open industrial ceiling, a full shop upgrade with new insulation, epoxy-coated floors, LED lighting, custom cabinets and workstations, and two installed car lifts. Exterior work added a black coated chain-link security fence on a concrete curb foundation, security lighting and camera coverage, fresh paint, and a new ±$45,000 LED programmable sign.
Zoned C-G (Commercial General), the property offers 20 surface parking spaces (2.86 per 1,000 SF), 87 feet of frontage with a single curb cut, and sits within a designated Qualified Opportunity Zone. The site is currently owner-occupied by Car Plus, an automotive audio, air conditioning, security, and remote-start installation business — a fully conforming use under the C-G designation.
Highlights
- 1. ±$340,844 in documented, high-quality improvements since 2020, establishing a strong cost basis beneath the property's asking value.
- 10. Priced below replacement and improvement cost relative to recent comparable sales, in a market where growth fundamentals (3.78% projected population growth, tightening vacancy) continue to strengthen.
- 2. Extensive 2020 renovation—new epoxy shop flooring, LED lighting, insulation, custom cabinetry, two car lifts, and a fully remodeled showroom with an open industrial aesthetic.
- 3. Prime Highway 99 proximity — approximately 0.24 miles from a corridor carrying 47,000–52,000+ vehicles per day.
- 4. 87 feet of direct frontage on Martin Luther King Jr. Way with 11,674+ vehicles per day passing the site.
- 5. Flexible C-G zoning — one of Merced's broadest commercial designations, permitting retail, vehicle-related, and light-industrial uses by right, well beyond the current automotive-service configuration.
- 6. Qualified Opportunity Zone location, offering prospective buyers potential tax incentives and expanding the eligible buyer pool.
- 7. Secure, improved yard — black coated chain-link fencing on a concrete curb foundation, camera security system, and dedicated security lighting.
- 8. New $45,000 LED programmable sign, adding strong street-level visibility and marketing value.
- 9. Ample on-site parking — 20 surface spaces (2.86/1,000 SF), well above typical retail/flex requirements.
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Contacts
Dan Del Real, CCIM
Del Real Commercial
Location
Contact Listing Broker
Dan Del Real, CCIM
Del Real Commercial
