Property • CommercialSale
Web ID # 339920822
$1,300,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
Excellent investment opportunity in this vibrant and versatile commercial property. The front retail space features expansive display windows and a well-designed layout, currently leased to a boutique home décor and clothing retailer under a new five-year lease.To the rear of the building, you’ll find a fully equipped lounge and bar, complete with indoor seating, large walk-in refrigeration, an expansive bar area, and upscale fixtures and finishes throughout. The space showcases a stylish sports bar theme and is also secured under a new five-year lease.Outside, the well-established food truck court includes seven fully leased spaces on month-to-month terms, offering a variety of popular local culinary options. The area is thoughtfully designed with covered seating, vibrant landscaping, decorative lighting, a striking mural, and filtered bay views—creating a welcoming and lively ambiance for patrons.The property offers excellent ingress and egress from both Highway 101 and historic Front Street, and features a large parking area and prominent signage for high visibility. With steady rental income, attractive aesthetics, and limited owner responsibilities, this property is a compelling option for investors or as a 1031 exchange. 8% Cap Rate at current price. Contact us today for more information or to schedule a private showing.
Right on Hwy 101
Dwelling Type: CommercialSale
Subdivision:
Year Built: 1964, County: US
Right on Hwy 101
Virtual Tour
Listing is courtesy of Pacific Coast Real Estate & Development, LLC
