1029 Martin Luther King Jr. Way

Investment Overview

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.

Investment Highlights

• 1. ±$340,844 in documented, high-quality improvements since 2020, establishing a strong cost basis beneath the property's asking value.
• 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.
• 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.