3191 M St, Merced, CA 95348

Property Description

Located at 3191 M St in the heart of Merced's professional corridor, this 11,552 square foot office building sits on an expansive 40,421 square foot lot and offers a rare opportunity for both investors and owner-users. Zoned Planned Development (P-D) with 49 on-site parking spaces, the building features three suites with a newly remodeled second-largest suite and a recently replaced roof. The ~7,000 SF available suite offers excellent value-add potential: once leased at a minimum of $10,000/month, the asset generates a projected cap rate of over 7%. Alternatively, an owner-user could use the available space and benefit from stable income from the other two suites. This property is well-located near Merced Mall, which is undergoing millions in renovations, and minutes from Merced College, banks, and a wide range of professional businesses. The high-traffic location along M Street offers excellent visibility and accessibility, making it ideal for medical, educational, or general office use. Priced at $2,400,000, this is a strong Merced commercial play with flexible upside.