About This Restaurant
Investment Highlights
10 retail units on grounds floor and 3 renovated apartments above.
Executive Summary
Located in the heart of world-famous Carmel-by-the-Sea, this rare mixed-use investment opportunity includes 10 retail spaces and 3 apartments in a highly desirable area of downtown. With established local businesses in place, such as Stationaery and Malbon Golf, the property offers immediate income and future potential. Just one block from Ocean Avenue and walking distance to Carmel Beach, San Carlos Square enjoys consistent foot traffic year-round. With Big Sur to the South and all the wonderful amenities The Monterey Peninsula has to offer, this is an outstanding investment opportunity in one of the most beautiful areas on earth.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Office Office Residential Storefront Retail/Residential
- Building Size 8,064
- Building Class B
- Year Built 1980
- Price 7,595,000
- Price Per SF 942
- Cap Rate 2.60
- NOI 197,470
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
| Date Created: | 2024-07-16 04:09:24 | Last Updated: | 2024-07-16 04:09:24 |
| Address: | San Carlos 3 NE of 6th , Carmel, California, 93921 | ||