Mission St @ 2 SW of Ocean - Storefront Retail/Residential FOR SALE


Carmel, CA 93921
$1,395,000 USD
831-646-1919
Mission St @ 2 SW of Ocean, Carmel, CA for Sale
$1,395,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | Request Cap Rate

Mission St @ 2 SW of Ocean
Carmel, CA 93921


HIGHLIGHTS

  • Downtown Ground Lease
  • Located in the World Famous Carmel-by-the-Sea, CA
  • Highly Desirable Downtown Carmel Retail Business District
  • Great Visibility, High Traffic
  • Good Tenant Mix

OVERVIEW

Mahoney & Associates is pleased to offer for purchase the Ground Lease of approximately ½ of ±8,000 SF or prime downtown Carmel CA retail land. Included in the purchase of the Ground Lease is ownership of the improvements upon the land, which consists of three commercial units and one apartment. The Ground lease has approximately 33 years of term remaining on the original 99 year ground lease. The subject site is part of a larger parcel totaling 8000 SF. The parcel has been ground leased to two leasehold interests, one of which is the subject parcel. The pro-rata estimate of the subject’s leased interest in the site is believed to be ±4,276 SF however an exact figure would be best ascertained by a surveyor.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

2 SW of Ocean

LAND ACRES

0.1 AC

LAND SF

4,276 SF

ZONING

CC

APN/PARCEL ID

010-141-010-000

ASK ABOUT THIS PROPERTY

Peter BairdMahoney & AssociatesMore Info
831-646-1919

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Peter BairdMahoney & AssociatesMore Info
831-646-1919

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