11221 Merritt ST Sold Save Request In-Person Tour Request Virtual Tour
Castroville,CA 95012
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
Square Footage 6,630 sqft
Price per Sqft $173
MLS Listing ID ML81999246
Year Built 1973
Lot Size 0.424 Acres
Property Sub-Type Restaurant
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 Castroville
Building/Complex Name Giant Artichoke
Zoning MU-C
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Off-Street Parking,Parking Area
Utilities Available Public Utilities
Roof Type Tar and Gravel
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable