450 Highway 1, Davenport, CA 95017
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.
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
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