1011 W 14th Street, Merced, CA – CLOSED/SOLD

The Merced Designated Local Authority (“Seller”) is looking to identify buyers for sites comprising residential and commercial zoned land (“Sites”) in the City of Merced in the County of Merced.

The Sites are located in residential and commercial areas and in the vicinity of the downtown and commercial corridors of the City. Merced is a dynamic community, with vibrant residential, commercial and industrial areas.

The selected buyers will benefit from an infill residential and/or commercial opportunity in a superior community with strong market demand and prices.  Additional details and response guidelines follow herein.

$/Sq.Ft: N/A
Neighborhood/Subdivision: N/A
Preferred Development:

APN: 031-203-018, 019

The offering of the Opportunity Sites is being conducted exclusively by the Merced Designated Local Authority  (“DLA”). All questions and inquiries should be directed to DLA representative listed herein. Interested parties shall not directly contact Seller without the express written consent of DLA. Seller (DLA) reserves the right to alter the Transaction Guidelines in their sole discretion.

DLA representative is available to assist prospective buyers to arrange on-site inspections and to answer any questions related to information contained in this Offering Memorandum. The prospective buyer will be selected by the Seller in its sole and absolute discretion based on a variety of factors including, but not limited to:

• Purchase price
• Timing of due diligence and closing period
• Contingencies
• Financial capacity

Potential buyers must submit offers to Merced Designated Local Authority (3% Buyer Broker Participation)

All offers must be presented in writing via email to:

Kosmont Realty (License # 02058445)*
Christopher Jicha, Staff Merced Designated Local Authority
1601 N. Sepulveda Blvd., # 382
Manhattan Beach, CA 90266

* Kosmont Real Estate Services, dba “Kosmont Realty"

DISCLAIMER: Seller in its sole and absolute discretion may consider and select any offer received up until the deadline established herein (4:00PM on August 25,2017). It should be noted that Seller and KR reserve the right to alter the aforementioned terms and deadlines as contained herein in their sole and absolute discretion. The Property will be sold “As-Is, Where is” with no express representations or warranties, and any development entitlements will require City/Public Agency approval. The value of this transaction depends on multiple factors, which should be evaluated by your tax, financial and legal advisors. No express or implied representations have been made regarding subsurface compaction and/or the existence or non-existence of toxic waste, hazardous materials and/or undesirable substances in or on the Property. Seller has received all approvals necessary from the State Department of Finance (DOF) and is authorized to market the Property for sale pursuant to requirements contained in the California legislation known as ABx1 26, AB 1484, and SB 107. Final sale of the subject Property will require approval of the Oversight Board to the Merced Successor Agency and the California Department of Finance (DOF).