Property summary
This exceptional mixed-use property in desirable downtown Saratoga, California, presents a unique investment opportunity. The main building offers approximately 2,246 square feet of vacant retail space, perfect for a variety of commercial ventures. Built in 1953, this two-story structure sits on a 4,062 square foot lot (APN: 503-24-029) and is ready for occupancy on October 1, 2024. Adding to its appeal is a separate, approximately 620 square foot studio residence located at the rear of the property. This private studio features a kitchen, in-unit laundry, and a clever half-wall partition separating the living and sleeping areas. The property's prime location in Saratoga, within an affluent community, ensures high visibility and access to a discerning clientele. The meticulously maintained building offers versatile space and timeless architecture, providing a solid foundation for a successful retail business and additional rental income from the studio. The asking price is $2,950,000, translating to $1,313.45 per square foot. This is a rare opportunity to acquire a mixed-use property combining prime retail space with a valuable residential component in a highly sought-after location.
Property profile
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Bar & Pub
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6 recent transactions · within 1.5 miComparable in this City
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Tax year 2024Property description
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CC · Saratoga, CAZoning
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