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Listed by Paul Zech • Coldwell Banker Realty
$ 3,795,000
Est. payment | /mo
9,015 SqFt
$ 3,795,000
Est. payment | /mo
9,015 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,015 sqft
Price per Sqft $420
MLS Listing ID ML82053332
HOA Y/N No
Year Built 1931
Lot Size 1.920 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Iconic and historic investment opportunity on nearly 2 acres of level land in thriving Corralitos. Fondly known since the 1850s as the "Five Mile House" a prominent former tavern and stagecoach stop this versatile commercial property blends steady holding income with immense development upside. The site currently hosts an eclectic, established mix of 10+ food, health, and service tenants providing an immediate, reliable income stream from day one. For the forward-thinking developer or entrepreneur, the true prize lies in the rear of the property: approximately 40,000 sq. ft. of flat, undeveloped land. Flexible Commercial zoning allows for a wide array of development options. As this area of Corralitos rapidly gains popularity as a vibrant hub for businesses, services, and entertainment, this premier location is primed for expansion. Bring your vision to maximize the untapped potential of this unique, underutilized community landmark. The possibilities here are truly limitless!
Location
State CA
County Santa Cruz
Interior
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745