Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81901729
MLS Source
MLSListings, Inc.
Commercial Information
# Buildings / # Units
1 / 2
Parking Spaces
15
Present Use
Office, Retail
Utilities
Public Utilities, Water - Public
Interior Features
Flooring
Carpet, Stone, Vinyl/Linoleum
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Flat, Mansard, Other, Wood
Foundation
Slab
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
C2
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
233 N Santa Cruz Ave is a Commercial Sale in Los Gatos, CA 95030. This 3,111 square foot property sits on a 8,853 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,975,000 and was built in 1954. This address can also be written as 233 N Santa Cruz Ave, Los Gatos, CA 95030.
©2024 MLSListings Inc. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of June 27, 2024. For the most current information, please contact David Propach, (408) 202-7125
