3025 Porter St Soquel, CA 95073

Property Details for 3025 Porter St

Lot size

0.77 lot acres

Property size

8,592 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Soquel Village Mall presents a unique investment opportunity in the heart of Soquel, California. This established retail center comprises three buildings totaling 8,592 square feet of net rentable area situated on a 0.77-acre lot. The property, located at the high-visibility intersection of Soquel Drive and Porter Street, benefits from easy access to State Highway 1. Currently boasting 84% occupancy across eight tenants, the property includes a multi-tenant commercial building, a single-tenant restaurant, and a single-tenant auto repair shop. Built between 1935 and 1964, the buildings are zoned Community Commercial (CC). The asking price is $3,150,000, translating to $366.62 per square foot. This represents a value-add opportunity due to below-market contract rents and the potential to lease up the currently vacant space. The property has been under the same ownership for 40 years, making this a rare chance to acquire three desirable buildings in a single transaction. The property consists of ten units across three separate parcels (APN: 030-081-35, 030-081-31, 030-081-32). This is a compelling investment prospect with significant upside potential.