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$ 1,200,000
$ 1,350,000 11.1%
Est. payment | /mo
0.34 Acres Lot
$ 1,200,000
$ 1,350,000 11.1%
Est. payment | /mo
0.34 Acres Lot
Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81978550
Sold Date 07/31/24
HOA Y/N No
Year Built 1979
Annual Tax Amount $12,400
Lot Size 0.338 Acres
Property Description
Prime Commercial Property for Investment or Owner User. Located in the heart of Scotts Valley, this attractive two-story commercial building offers 5,404 square feet of versatile space. The previous owner has recently vacated, presenting a unique opportunity for you to customize the property to suit your needs. Key Features: Flexible Office Space: Five second-floor offices are now available for rent with the previous owner vacating, offering numerous possibilities for various uses. Tenant Opportunities: Current tenants are on a month-to-month basis, with several long-term tenants eager to sign new leases. Notably, rents have remained unchanged since 2017 in most cases. Ground Floor Apartment: An added bonus is a legal 400-square-foot one-bedroom apartment on the ground floor. Recent Upgrades: The building boasts a new roof, a new AC unit, and updated electrical systems, ensuring modern amenities and reduced maintenance costs. Ample Parking: With 22 parking spaces available, the property provides plenty of room for employees, clients, and visitors. This property offers a blend of convenience, functionality, and investment potential.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning Commercial
Interior
Heating Central
Cooling Gas
Fireplace No
Exterior
Total Parking Spaces 22
Building
Story 2
Water Public
Others
Tax ID 02202221
Financing Conventional
Listed by Lenny Gerthoffer • Blue Star Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "