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233 N Santa Cruz Ave

Los Gatos, CA 95030
  • $3,925,000
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • ID#: ML81901729
Under Contract
UPDATED: 68 min ago
$3,925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,671
    SQFT
  • $1,469
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

Description

This incredibly RARE opportunity hasn't been on the market for 35 years. Long term TURNKEY cash generating asset offered at a VERY competitive 4.75% Cap Rate. 100% occupied single story medical office & retail building in the HEART of downtown Los Gatos' walkable shopping district. Comprising the ENTIRE southwest corner of North Santa Cruz and Bachman Avenues this LARGE property is surrounded by IMMENSELY popular destination shops and restaurants drawing people from ALL OVER the Silicon Valley. Grandfathered in GROUND FLOOR OFFICE SPACE (86% of building) with North Santa Cruz FRONTAGE and an UNHEARD OF 15 ON SITE parking spaces plus 7 MORE PURCHASED Los Gatos Public Parking District spaces. 4.5+ years remaining on the ABSOLUTE NNN lease of the office space. SIGNIFICANT future potential redevelopment play for these 2 adjacent parcels totaling 8,853 SF allowing over 5,300 SF total C-2 zoned building space. New owner has YEARS to BANK increasing cash flow during planning and entitlement.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-08-14T19:49:33.39. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/131309199
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233 N Santa Cruz Ave Los Gatos, CA 95030

  • Price: $3,925,000
  • Status: Active Under Contract
  • On Site: 17 Days
  • Updated: 68 min ago
  • ID#: ML81901729
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,671
SQFT
$1,469
$/SQFT
1954
Built
Neighborhood:
Los Gatos/Monte Sereno
County:
Santa Clara
Area:
Los Gatos/Monte Sereno
Property Description
This incredibly RARE opportunity hasn't been on the market for 35 years. Long term TURNKEY cash generating asset offered at a VERY competitive 4.75% Cap Rate. 100% occupied single story medical office & retail building in the HEART of downtown Los Gatos' walkable shopping district. Comprising the ENTIRE southwest corner of North Santa Cruz and Bachman Avenues this LARGE property is surrounded by IMMENSELY popular destination shops and restaurants drawing people from ALL OVER the Silicon Valley. Grandfathered in GROUND FLOOR OFFICE SPACE (86% of building) with North Santa Cruz FRONTAGE and an UNHEARD OF 15 ON SITE parking spaces plus 7 MORE PURCHASED Los Gatos Public Parking District spaces. 4.5+ years remaining on the ABSOLUTE NNN lease of the office space. SIGNIFICANT future potential redevelopment play for these 2 adjacent parcels totaling 8,853 SF allowing over 5,300 SF total C-2 zoned building space. New owner has YEARS to BANK increasing cash flow during planning and entitlement.
Exterior Features

Foundation Concrete Slab Garage Parking Assigned SpacesCommon Parking AreaGuest / Visitor ParkingOff-Street ParkingParking AreaUncovered ParkingVaries By Unit Number Of Buildings 1 Roof Flat / Low PitchMansardWood Shakes / ShinglesOther Sq Ft Yard 0 Stories 1 Units In Complex Min 2

Interior Features

Additional Rooms Office AreaStorage Cooling Central Ac Flooring CarpetStoneVinyl / Linoleum Heating Central Forced Air Sq Ft Warehouse 0 Structure Sq Ft 3111

Property Features

Accessibility Features Bathroom FeaturesGrab Bars Additional Listing Info Not Applicable City Limits Yes City Name Los Gatos Cross Street Bachman Avenue Facilities 1 Restroom Per UnitCarpetingKitchenLandscapingMulti-Tenant BuildingOfficeOutside Sign Incorporated Yes Lot Size Area Maximum 8853.00 Meters Master ElectricMaster GasMaster Water Number Tenants 2 Present Use OfficeRetail Restrictions None Security Features Security AlarmVaries By UnitVideo / Audio System Sewer Septic Sewer - Public Sq Ft Source Other Status Qualifier Release Clause Present Utilities Public Utilities Water Public Zoning C2

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of David Propach of But Simple, Inc..


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-08-14T19:49:33.39. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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