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$ 3,995,000

Est. payment | -/mo

11,867 SqFt

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$ 3,995,000

Est. payment | -/mo

Save

11,867 SqFt

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 11,867 sqft

Price per Sqft $336

Lot Size 0.561 Acres

MLS Listing ID ML82025341

Property Description

Owner/operator use, future residential development or great investment property. Large commercial property known as 70 Porter Dr & 80A Porter Dr. APN # 117-332-015, APN 117-332-014. There are currently 10 rental income units. Residential tenants are on 2nd floor above Stereo Electronics store. One studio unit and 2 individual room rentals. Other long term tenants are a restaurant, auto repair, auto bodyshop, market, hair salon, battery sales, The square footage stated are either from the tax assessor records or property manager and are not guaranteed to be exact. All the commercial tenants have been long term and are on month to month agreements. New 30 year roof completed in June 2022 with 10 year warranty. All new electrical in 2015, new plumbing in residential units in 2020. There are 3 water meters (1 not being used)and seven electrical meters on the property. The pro forma shows good upside in rent potential, based on current market rental rates. This is definitely worth a look. Seller will consider some seller financing.

Location

State CA

County Monterey

Area Hall Road, Las Lomas, Aromas

Zoning C

Rooms

Other Rooms Office Area, Storage

Interior

Heating Other

Cooling None

1-purchase type For Sale

Exterior

Exterior Feature Storage Shed / Structure

Garage Off-Site Parking, On Street, Parking Area, Workshop in Garage

Garage Spaces 20

Utilities Available Public Utilities

Roof Type Other

Present Use Automotive,Commercial,Food Service,Live / Work,Service

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 117-332-015-000

Security Features None

Special Sale Not Applicable

Listed by Paul Zech of Coldwell Banker Realty
Bought with Paul Zech of Coldwell Banker Realty

80 Porter DR A Watsonville, CA 95076