200 Monterey Ave, Capitola, CA 95010

Property Details for 200 Monterey Ave

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional Capitola property, located at 200 Monterey Ave, presents a rare investment opportunity. Priced at $4,400,000, this Class B, 1,616-1,712 square foot retail building boasts a 5.60% cap rate and 100% occupancy across multiple tenants under a NNN lease with 2 years remaining. The property features a prime waterfront location in a high-traffic area, offering excellent visibility and accessibility. Its flexible interior layout and modern amenities make it suitable for a variety of retail ventures. The ample square footage and proximity to the beach, local shops, and dining establishments perfectly position it to attract both residents and visitors. This multi-tenant building offers significant growth potential within a thriving community. The building's rich history, including its connection to a Major League Baseball player, adds unique charm. The potential for residential conversion on the upper floor provides additional flexibility for future buyers, whether they wish to continue with commercial tenants or explore vacation rentals. Ocean, beach, and village views from the upper floor enhance its appeal. This is a truly unique and valuable property offering both a solid investment and a chance to be part of Capitola's vibrant community. The property includes ample private parking. Located in Santa Cruz County, CA, zip code 95010.

Location Insight

City

Capitola

County

Santa Cruz

State

California

Longitude

-121.95

Latitude

36.9728