Incredible opportunity to purchase a prime location in an area poised to increase in value with transportation projects and area redevelopment in progress. Previously part of an approved project, much of the groundwork to level the land, bring utilities to the lot, and geologic and environmental reports was done. A new project may require new reports, however, prior reports demonstrate the viability of this land.
Located at the entrance to Castroville from the Highway 1 route connecting the Monterey Peninsula to Santa Cruz and San Jose, this location would be an easy stop off for travelers and commuters. Great opportunity to build a food/beverage franchise with apartments above and secure two steady income streams.
Pay property tax holding costs plus extra income via billboard and taco truck leases. Seller will 1031 exchange this property, Buyer to participate, no cost to them.
Priced for quick sale. Be one of the first to inquire.
Robin Stelle
Coldwell Banker Realty
