Featured Property
| Asking Price: | $495,000 |
| APN: | 030-255-007 |
| Property Type: | Mixed-Use: Residential/Industrial |
| Location: | 11575 Merritt Street, Castroville |
| Land Area: | 37,000 SF (+/-) |
| Zoning: | LC-Z Light Commercial |
| Project Description: | Bank Owned Property |
| Condition of Property: | Sold |
| Comments: | REO - Bank Owned Property
- Appraised Sept 2006 for $975,000
- Listed Price $495,000
- Almost a 50% reduction
- Priced to Sell at only $13.38/SF
- New Comp Roof installed May 28, 2009
Improvements:
- Two-Story Residential Unit - 1,923+/- SF - 4 Bedroom plus 2 Bathrooms
- Shop - 2,760/- SF - (includes Mezz -324+/- SF, Office - 135+/- SF and Storage Shed - 189+/- SF
Proposed New Zoning per Castroville Community Plan: MU-C
Permitted Uses: Monterey County Zoning Administrator, Resolution No. 050373.
- Use Permit for a 2,845SF Auto Repair Shop
- Use Permit for a landscaping installation and supply business to include: 1,500SF landscaping and supply building, conversion of 2/3 of a three-car garage to a one-car garage and a 400SF landscaping business office and a 2,000SF retail landscaping outdoor sales area, and a 4,000SF landscape contracotr's yard.
DISCLOSURE: The historic industrial use of the property could have the potential for the presence of Hazardous Materials. Broker advises potential buiyers to perform appropriate investigations for buyer's review. |
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"Vision and Experience"
It takes vision and experience to succeed in the commercial real estate world. Marketing your property, finding the best location for your business or evaluating your investment needs. Work with the broker that priortizes your needs first. In a world of mass-marketing and me-too thinking, separate yourself from the crowd by working with John McCormack of the JNM Company.
The JNM Company is a full-service commercial real estate company for the Central Coast of California. Offerings include: sales, tenants-in-common (TIC) investment offerings, leasing and buyer-broker representation. Commercial properties include retail, office, industrial, apartment complexes, shopping centers, wineries, owner/user and land for commercial or residential development.
"Enhancing and preserving value based on 20+ years of commercial real estate as a principal and broker provides the edge," states John McCormack, owner and sole operator of the JNM Company. Background as a thirty year resident of Monterey County, education as an engineer and MBA graduate and track record as a successful entrepreneur can assist his clients in the maximization of value from pre through post marketing.
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