200 Monterey Ave - Restaurant FOR SALE


Capitola, CA 95010
$3,988,000 USD
408-455-4913
200 Monterey Ave, Capitola, CA for Sale
$3,988,000 USD
Restaurant - FOR SALE
1/16
null | 5.25% Cap Rate

200 Monterey Ave
Capitola, CA 95010


HIGHLIGHTS

  • Newer Flooring
  • Refinished the facade
  • Exterior electrical and lighting package
  • Prime retail building opportunity in a bustling coastal town
  • Excellent visibility and accessibility for businesses looking to capitalize on the vibrant local and tourist market.
  • Proximity to the beach, local shops, and dining establishments

OVERVIEW

A once in a lifetime fantastic opportunity for anyone looking to invest in a prime commercial location with a rich history and multiple potential uses. Its proximity to the beach, ample private parking, and diverse mix of tenant spaces makes it quite attractive. The historical connection to Major League Baseball player Harry Hooper who, is a well-known figure in town adds an extra layer of charm and intrigue. With the possibility of converting the top floor back into residential space, there's flexibility for different types of buyers, whether they're interested in continuing with commercial tenants or exploring the option of vacation rentals. The ocean, beach, and village views from the top floor only enhance its appeal. Overall, extremely unique and valuable property that offers both a solid investment opportunity and a chance to be a part of Capitola's vibrant community.

FOR SALE DETAILS

PRICE

$3,988,000 USD

PRICE/SF

$1,222 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

MU-V

APN/PARCEL ID

035-261-07-000

ASK ABOUT THIS PROPERTY

Gabe RegaladoNewmarkMore Info
408-455-4913

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Gabe RegaladoNewmarkMore Info
408-455-4913

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.