4768 Soquel Dr Soquel, CA 95073-4099

This exceptional 2,952 square foot commercial property, situated on a 0.32-acre lot at 4768 Soquel Drive in Soquel, CA, presents a compelling investment opportunity. The building boasts nine on-site parking spaces, including two handicapped-accessible spots, an ADA-compliant ramp, and a convenient rear loading dock. Interior features include dual-pane windows and 3-phase power. The exterior is constructed of brick. Significant improvements were made in March 2022, including over $50,000 in major plumbing upgrades. Currently occupied by a long-term, stable tenant with two five-year lease extensions available, this property offers consistent income generation. The property benefits from a low tax base. Its prime location in Soquel Village provides exceptional visibility and accessibility, close to popular shops, restaurants, a county park, and the River Walk. The desirability of this area is expected to increase, further enhancing the property's value. A comparable building nearby sold for a similar price per square foot just two years ago. While the current capitalization rate may appear atypical due to recent interest rate fluctuations, the long-term value and potential for appreciation are substantial, making this a premium investment opportunity for discerning buyers.