Property Details
About this Property
Mid county investment opportunity on two premium lots in Soquel Village. This facility has 9 parking spaces on-site, with 2 handicapped spots, an ADA access ramp, rear loading dock, dual pane windows, 3-phase power, brick exterior, and received $50,000+/- in major plumbing updates in March 2022. Long term stable tenant. Although the cap rate may seem misaligned with current trends due to recent interest rate hikes, the property's long-term value is exceptional. Its sought-after location attracts business buyers and developers who prize its premium zoning. A nearly identical building next door at 4746 Soquel Dr sold for a similar price per square foot two years ago. Now a central office for a real estate company, it was chosen for its proximity to popular shops, restaurants, the county park, and the River Walk. This area's appeal is set to grow, with adjacent properties like 4768 Soquel expected to capitalize on open parking and park views. Current tenant has two 5-year lease extensions available and the current owners of 4768 Soquel enjoy a low tax base and solid income, making them unlikely to sell unless their asking price is met. It is because of these reasons that this investment is positioned as a premium opportunity relative to its current Capitalization Rate
MLS Listing Information
MLS #
ML81960519
MLS Source
MLSListings, Inc.
Days on Site
257
Commercial Information
# Buildings / # Units
1 / 1
Parking Spaces
5
Present Use
Office
Utilities
Public Utilities, Water - Public
Interior Features
Flooring
Concrete, Vinyl/Linoleum
Cooling
None
Heating
Gas, Space Heater
Exterior Features
Roof
Composition, Other
Foundation
Concrete Perimeter
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
PF-GH
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4768 Soquel Dr is a Commercial Sale in Soquel, CA 95073. This 2,952 square foot property sits on a 0.32 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,395,000 and was built in 1958. This address can also be written as 4768 Soquel Dr, Soquel, CA 95073.
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This listing information is up-to-date as of October 11, 2024. For the most current information, please contact Datta Khalsa, (831) 818-0181
