0 Beach Rd Marina, CA 93933
Marina Landing Shopping Center presents a unique opportunity for a ground lease on a substantial retail property in the vibrant coastal city of Marina, California. This exceptional offering encompasses a total of 43,240 square feet of vacant land, ideal for a large-scale retail development or expansion. The property's APN is 033-111-012-000, located in Monterey County, at the Beach Rd address, zip code 93933. The existing improvements consist of a 5,400 square foot retail building, currently under single tenancy. This presents a chance to either renovate and repurpose the existing structure or demolish it to create a completely new development. The expansive lot size of 43,240 square feet provides ample space for a significant retail project, catering to the growing needs of the Marina community. The property's strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in this desirable coastal area. This is a rare opportunity to acquire a large parcel of land zoned for retail use in a thriving California coastal market. The property is classified as Retail and Land, with a Commercial, Shopping Center subtype. Serious inquiries are encouraged to explore the potential of this exceptional ground lease opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.