Property profile

450 Highway 1 Davenport, CA 95017

OFF-MARKET
Commercial real estate
3,488 SF 0.12 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional investment opportunity in historic Davenport, CA, presents a unique blend of commercial and residential space. Located directly off Highway 1 and across from Davenport Beach, this 3,488 square foot building boasts high foot traffic and stunning ocean views. The ground floor currently operates as a successful wine-tasting room, featuring a well-designed layout with a bar, two bathrooms, a dedicated office, and a convenient back area with an extra sink. The ample natural light enhances the inviting atmosphere, perfect for a variety of commercial ventures. Upstairs, a charming residential area awaits, offering a comfortable and spacious living space. Vaulted ceilings and skylights create an airy ambiance, while an open-plan kitchen with a breakfast bar seamlessly flows into a spacious dining area. A cozy fireplace anchors the living room, which features French doors leading to outdoor space. A luxurious bedroom with a private veranda completes this unique upper-level residence. This prime location is surrounded by popular local establishments, including the Whale City Bakery, the Jailhouse Museum, and the Davenport Roadhouse, ensuring high visibility and a thriving community atmosphere. The property sits on a 0.12-acre lot, offering convenient access to Highway 1, leading south to Santa Cruz and north to AГ±o Nuevo State Park. This combined commercial and residential property presents a rare opportunity to own a piece of Davenport's vibrant coastal charm. The asking price is $1,699,000.

Property profile

Verified
Property type Commercial real estate
Year built 2007
Total area 3,488 SF
Lot 0.12 ac (5,227 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 Highway 1 Davenport, CA 95017
Davenport metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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