635 Fairfield Drive, Merced, CA 95348
Merced County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Stories
1
Living Area
7,676 sq ft
Lot Size
0.18 acres
Zoning
P-D
Days on Market
2
MLS® Listing#
MC26148699
Property Features
Cooling
Heating
Laundry
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$28,000
Directions
At Merced Mall across from Kohl's
Affordability Calculator
$560,000
Estimated monthly payment
$14,903/mo
Principal $2,240,000 · Est. interest $3,124,999 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Merced, CA
- $467,500
- Median Listing Price
- 48
- Median Days on Market
- 1,796
- Median Sq Ft
- $255
- Median Price / Sq Ft
- 361
- Active Listings
- This home’s price is 499% above the area median.
- Its price per sq ft is 43% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Merced, CA.
Location
Points of Interest in Merced, CA
Showing the Merced area map.
Nearby Schools
Merced High School
Secondary · 0.4 mi away
Rudolph Rivera Middle
Elementary · 0.5 mi away
Rivera Elementary PTC
Elementary · 0.5 mi away
Merced Christian School
Elementary · 0.7 mi away
Alexander Street Montessori
Elementary · 0.8 mi away
Muir Elementary School
Elementary · 0.8 mi away
St Lukes Anglican School
School · 0.8 mi away
Luther Burbank Elementary School
Elementary · 1.0 mi away
John Fremont Elementary
Elementary · 1.0 mi away
Gateway Edu Care Infant Center
School · 1.0 mi away
Merced Montessori School
Elementary · 1.1 mi away
Peterson Elementary School
Elementary · 1.1 mi away
Independence High School
Secondary · 1.4 mi away
Herbert Hoover Middle
Secondary · 1.4 mi away
Herbert H. Cruickshank Middle
Secondary · 1.6 mi away
Donn B Chenoweth Elementary
Elementary · 1.6 mi away
Merced County Rop
Secondary · 1.7 mi away
Harvest Christian School
School · 1.7 mi away
Our Lady of Mercy School
School · 1.8 mi away
Ada Givens Elementary School
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1407 W 16th Street, Merced, CA | $2,000,000 | — | — | 5,500 |
| 3370 E State Highway 140, Merced, CA | $2,124,000 | 2 | 2 | 2,464 |
| 3370 E State Highway 140, Merced, CA | $2,124,000 | 2 | 2 | 2,464 |
| 864 E Childs Avenue, Merced, CA | $2,190,000 | — | — | — |
| 864 E Childs, Merced, CA | $2,190,000 | — | — | — |
| 0 E North Bear Creek Drive, Merced, CA | $2,280,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Merced
Listing Courtesy: Keller Williams Property Team - 209-704-7653
Presented by: Ernesto Ochoa
Licensed in the state of California.