Bought with Robert R. Fernandez • Atlas Premier Properties
$4,998,000
$4,998,000
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21,500 SqFt
SOLD DATE : 10/22/2024
Key Details
Sold Price $4,998,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 21,500 sqft
Price per Sqft $232
MLS Listing ID ML81951308
Sold Date 10/22/24
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1987
Lot Size 1.560 Acres
Property Description
PRICE REDUCTION! SELLER MOTIVATED! Tremendous opportunity on this 20-unit complex, while being able to add more as per owner! Also there is development potential, as this property consists of 4 APN's for a total of 1.56 acres. located walking distance to downtown Castroville, Mass Transit, local Restaurants, Schools, Medical as well as Shopping. Owner is currently renting out 20 units between two buildings, consisting of a 12,500 sf and 9,000 sf building, not to mention outdoor storage. According to the 2015-2023 County of Monterey Housing Element Update, APN 030-141-025 is listed as an underutilized site, with potential for 46 units on all 4 parcels (030-141-025,027,034,035). In the Castroville Community Plan VOLUME I, the property is listed Mixed-use (MU-C). The Mixed-use designation allows for residential development on the same site or in the same building as commercial uses. Residential uses are generally high-density multi-family which includes flats, condos, and townhomes. Lot next door available. ML81925123, as well as adjacent trailer park.
Location
State CA
County Monterey
Interior
Heating Space Heater
Fireplace No
Exterior
Parking Type Common
Building
Water Public
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