For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC20199369
Sold Date 12/31/20
HOA Y/N No
Lot Size 2.100 Acres
Acres 2.1
Property Description
Coldwell Banker Commercial is pleased to present the opportunity to acquire a prime industrial building and development opportunity at 196 Riggs Avenue in the city of Merced, CA. The property features an existing 4,800 square foot warehouse building on 2.1 acres with approved plans for 3-additional buildings. The site is located in the Merced Airport Industrial Park off Riggs Avenue and S West Avenue, about 1.2 miles from Highway 140, 1.3 miles from Highway 99, and 1.2 miles from Highway 59. Tenant has a Franchise agreement that ends in October of 2021 and is willing to complete a sale/leaseback for the remainder of the agreement term.
Location
State CA
County Merced
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre
Water Public
Others
Tax ID 059420047000
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Daniel Del Real • CB Commercial, Gonella Realty
GET MORE INFORMATION
Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960