200 Monterey Ave
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200 Monterey Ave
3,264 SF 100% Leased Retail Building Capitola, CA 95010 £3,120,411 (£956/SF) 5.25% Net Initial Yield
Investment Highlights
- Newer Flooring
- Exterior electrical and lighting package
- Excellent visibility and accessibility for businesses looking to capitalize on the vibrant local and tourist market.
- Refinished the facade
- Prime retail building opportunity in a bustling coastal town
- Proximity to the beach, local shops, and dining establishments
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,264 SF
Building Class
B
Year Built
1927
Price
£3,120,411
Price Per SF
£956
Net Initial Yield
5.25%
NOI
£163,822
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.94
Land Acres
0.08 AC
Zoning
MU-V - Mixed Used Village - Located within the VRU (Vacation Rental Use) overlay zone.
Parking
4 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
49 ft on MONTEREY
Amenities
- Corner Lot
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Los Gatos Meats
- Accommodation and Food Services
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99,999 SF
- -
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Lorem Ipsum
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| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Los Gatos Meats | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 035-261-07-000 | Improvements Assessment | £960,118 |
| Land Assessment | £1,820,223 | Total Assessment | £2,780,341 |
PROPERTY TAXES
Parcel Number
035-261-07-000
Land Assessment
£1,820,223
Improvements Assessment
£960,118
Total Assessment
£2,780,341
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200 Monterey Ave
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