Office Properties for sale in Merced offer a unique investment opportunity for those looking to capitalize on the city's growing economy. As the "Gateway to Yosemite," Merced's strategic location near Yosemite National Park and Monterey Bay makes it an attractive destination for tourists and businesses alike. Office Properties in Merced can represent a range of investments, from small startups to large corporations, and can provide a steady stream of income for investors. With its convenient location, Merced offers easy access to major cities like Sacramento, San Francisco, Fresno, and Los Angeles, making it an ideal spot for businesses looking to establish a presence in the region. The city's amenities, including Mercy Medical Center Merced, Lake Yosemite, and the Castle Air Museum, also make it an attractive place to live and work. Additionally, the University of California, Merced, provides a skilled workforce and opportunities for collaboration and innovation.
Merced's Office Properties for sale offer a range of options for investors, with 4 listings currently available. The average price per square foot is $302 USD, and the average size is 7,180 square feet, with the largest property available being 20,699 square feet. The average cap rate is 6%. In addition to Office Properties, Merced also offers a range of other commercial properties for sale, including Commercial Real Estate, which can provide a steady stream of income for investors. Apartment Buildings are also available, offering a unique opportunity for investors to capitalize on the city's growing population. Shopping Centers are another option, providing a hub for local businesses and services. Finally, Hotels are available for sale, catering to the city's tourist industry. With its diverse range of properties and amenities, Merced is an attractive destination for investors and businesses alike.
What is the average price per square foot for office properties in Merced?
The average price per square foot for office properties in Merced is $302 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties in Merced, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to help you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, high-quality finishes, and easy access to major highways and public transportation, making them ideal for large corporations and professional services firms.
- Class B office properties are older, yet still well-maintained, with functional layouts and adequate amenities, suitable for smaller businesses, startups, and entrepreneurs who want a professional environment without the high-end price tag.
- Class C office properties are older, often in need of renovation, with limited amenities, and are typically more affordable, making them a good option for budget-conscious businesses, solo entrepreneurs, or those who want to renovate to suit their specific needs.
