Fully Stabilized Asset The property is fully leased and only 2 out of the 6 units are at market rate. Great potential to increase income over 25% by bringing to full market rates. Additional Upside due to Zoning All parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class A standards can be leased at $1.50 per square foot NNN. Adjacent to Courthouse and Proximity to Downtown The Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building. Even More Upside Value! There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.
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