Opportunity
Merced Granicus #06302026
City of Merced Seeks Developer for Downtown Commercial Site at 626 W. Main Street
Posted
October 04, 2023
Respond By
June 30, 2026
Identifier
06302026
NAICS
236220, 237210, 238910
The City of Merced is seeking proposals from qualified developers for the commercial development of a ±2,500 sq. ft. site at 626 W. Main Street in Downtown Merced. - Government Buyer: - City of Merced, Economic Development and Purchasing departments - Project Overview: - Development of a 2,500 sq. ft. commercial property in the Downtown Core - Site is valued at $55,000 and was formerly a Redevelopment Agency asset - Property is zoned for Regional Community Commercial use - Requirements: - Proposals must include detailed development plans, site/building elevations, financial data, and a project pro-forma - Developer must demonstrate experience and capability to complete the project - Project must be completed within 18 months of escrow closure - Cash-only sale; City retains right of revertership if development does not commence on time - Developer responsible for all due diligence, fees, and costs - Unique/Notable Aspects: - Project should complement the Arts and Culture District and Downtown Core - No specific OEMs or vendors are named, as this is a real estate development opportunity - Proposals should present a visionary and unique commercial concept - No product procurement; this is a service/development opportunity
Description
The City of Merced invites experienced developers to submit proposals for the development of a ±2,500 square-foot site located at 626 W. Main Street in Downtown Merced. The site is a former Redevelopment Agency asset with an appraised value of $55,000 and is designated for commercial development consistent with the Regional Community Commercial General Plan and Central Commercial zoning. The City seeks a visionary commercial project that complements the surrounding Arts and Culture District and Downtown Core. Proposals must include detailed development plans, financial data, and demonstrate the developer's experience and capability to complete the project within 18 months of escrow closure.