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$ 1,150,000
Est. payment | /mo
$ 1,150,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81999246
HOA Y/N No
Year Built 1973
Annual Tax Amount $13,800
Lot Size 0.424 Acres
Property Description
Excellent investment opportunity to own a piece of the world famous Giant Artichoke building in historic Castroville! The 6694 sqft building is fully leased(business and some fixtures not included with sale) with stable long term tenants. The property offers a single story building with a dining area, kitchen area, deli area, cold storage and refrigeration units, produce stand and 3 private bathrooms. The expansive lots sits on approx 18,450 sqft of prime Merritt street frontage and is zoned Mixed Use which allows up to 30 units per acre for mixed use development. Priced at just under a 6% Cap Rate, this property has a ton of potential and value add possibilities for the right buyer!
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning MU-C
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Present Use Commercial
Total Parking Spaces 26
Building
Story 1
Water Public
Others
Tax ID 030184009000
Virtual Tour https://tours.montereybayvirtualtours.com/s/11221-11241-Merritt-St-Castroville-CA-95012
Listed by Sean Griffin • Agency One Real Estate