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Listed by Gina Carling • David Lyng Real Estate

$3,150,000

Est. payment - /mo

8,592 SqFt

Active

3025 Porter ST Soquel, CA 95073

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Dennis Sanchez

dennis@berrirealestate.com +1(415) 988-1923

UPDATED:

Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 8,592 sqft

Price per Sqft $366

MLS Listing ID ML82001653

Year Built 1935

Lot Size 0.774 Acres

Property Sub-Type Restaurant

Property Description

Soquel Village Mall is a three-building commercial property with a high-profile location at the intersection of Soquel Drive and Porter Street in the heart of Soquel, California. The property totals 8,592 square feet of gross leasable area on 0.77 acres and includes a multi-tenant commercial building, single-tenant restaurant building, and single-tenant auto repair building. This is the first time the property has been on the market in 40 years and represents a rare opportunity for an investor to acquire three highly desirable buildings in a single transaction. Most of the tenants in Soquel Village Mall have occupied the property for many years, and contract rents are well below market levels. Additionally, about 40% of the space is vacant or leased on a short-term basis. The net income for the property can be increased significantly by leasing up the vacant space and moving contract rents to market. Each building is situated on a separate parcel. located at the northwest corner of Soquel Drive and Porter Street, two of the major surface streets in Soquel. Soquel Drive carries about 19,000 vehicles per day and Porter Street has traf c counts exceeding 11,000 vehicles per day, providing excellent exposure for tenants at the property. Easy drive to San Jose & Monterey Bay Areas.

Location

State CA

County Santa Cruz

Area Soquel

Building/Complex Name Soquel Village Mall

Zoning C-2-GH

Interior

Heating Forced Air

Cooling Other

Exterior

Parking Features Common Parking Area, Off-Street Parking

Utilities Available Public Utilities

Roof Type Rolled Composition,Tar and Gravel

Present Use Automotive,Business/Professional,Commercial,Office,Retail,Service

Building

Story 1

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Restrictions None

Tax ID 030-081-32-000

Security Features None

Special Listing Condition Not Applicable

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Dennis Sanchez

Founder | Broker Associate | CA DRE#01906875

+1(415) 988-1923

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3025 Porter ST Soquel, CA 95073

Dennis Sanchez

Key Details

Location

Interior

Exterior

Building

Others

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3025 Porter ST