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Listed by Paul Zech • Coldwell Banker Realty
$3,995,000
Est. payment /mo
11,867 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 11,867 sqft
Price per Sqft $336
MLS Listing ID ML82025341
Year Built 1945
Lot Size 0.561 Acres
Property Sub-Type Commercial Property
Source MLSListings, Inc.
Property Description
Owner/operator use, future residential development or great investment property. Large commercial property known as 70 Porter Dr & 80A Porter Dr. APN # 117-332-015, APN 117-332-014. There are currently 10 rental income units. Residential tenants are on 2nd floor above Stereo Electronics store. One studio unit and 2 individual room rentals. Other long term tenants are a restaurant, auto repair, auto bodyshop, market, hair salon, battery sales, The square footage stated are either from the tax assessor records or property manager and are not guaranteed to be exact. All the commercial tenants have been long term and are on month to month agreements. New 30 year roof completed in June 2022 with 10 year warranty. All new electrical in 2015, new plumbing in residential units in 2020. There are 3 water meters (1 not being used)and seven electrical meters on the property. The pro forma shows good upside in rent potential, based on current market rental rates. This is definitely worth a look. Seller will consider some seller financing.
Location
State CA
County Monterey
Area Hall Road, Las Lomas, Aromas
Zoning C
Interior
Heating Other
Cooling None
Exterior
Parking Features Off-Site Parking, On Street, Parking Area, Workshop in Garage
Garage Spaces 17.0
Utilities Available Public Utilities
Roof Type Other
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 117-332-015-000
Special Listing Condition Not Applicable
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