Homes for sale - 11221 Merritt ST, Castroville, CA 95012

Listed by Sean Griffin • Agency One Real Estate
Bought with Vanessa Tottino • Remax Property Experts

$1,150,000

Est. payment - /mo

6,630 SqFt

UPDATED:

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type Restaurant

Listing Status Sold

Purchase Type For Sale

Square Footage 6,630 sqft

Price per Sqft $173

MLS Listing ID ML81999246

Sold Date 04/07/25

Year Built 1973

Lot Size 0.424 Acres

Property Sub-Type Restaurant

Property Description

Excellent investment opportunity to own a piece of the world famous Giant Artichoke building in historic Castroville! The 6694 sqft building is fully leased(business and some fixtures not included with sale) with stable long term tenants. The property offers a single story building with a dining area, kitchen area, deli area, cold storage and refrigeration units, produce stand and 3 private bathrooms. The expansive lots sits on approx 18,450 sqft of prime Merritt street frontage and is zoned Mixed Use which allows up to 30 units per acre for mixed use development. Priced at just under a 6% Cap Rate, this property has a ton of potential and value add possibilities for the right buyer!

Location

State CA

County Monterey

Area Castroville

Building/Complex Name Giant Artichoke

Zoning MU-C

Interior

Heating Central Forced Air

Cooling None

Exterior

Parking Features Off-Street Parking, Parking Area

Utilities Available Public Utilities

Roof Type Tar and Gravel

Present Use Commercial,Food Service,Retail

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Restrictions None

Tax ID 030-184-009-000

Security Features None

Special Listing Condition Not Applicable

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Sharad Gupta

Broker | License ID: 02213637

contact@trademyhome.com

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

11221 Merritt ST Castroville, CA 95012