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$1,650,000
Est. payment /mo
7,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025492
HOA Y/N No
Year Built 1988
Lot Size 7,000 Sqft
Property Description
Rare commercial opportunity with three small buildings on one parcel near the busy corner of Princeton. Occupy all three buildings, lease all three or a combination of both. Building sizes are +/-1020, 1260 and 1500 sf, each with their own bathroom, electrical and water meter. All buildings were renovated in 2020 and have fire sprinklers. Former tenant had a tap room and brewery for the last 4+ years. Their existing FF&E may be available for purchase separately. The property is ready for a new concept and will be delivered vacant at closing. Coastal visitors (approximately 4 million a year) and locals alike are attracted to this area of Princeton for its great mix of restaurants, bars, vacation rentals and access to coastal trails and beaches. The area has been experiencing substantial economic development and rent growth providing the potential for lucrative investment returns. This property is located within a block or two of large economic drivers: Half Moon Bay Yacht Club, Mavericks Event Center, JettyWave Distillery, Mavericks Inn, Mezza Luna Restaurant, Old Princeton Landing Bar and Grill.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning CCR
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Total Parking Spaces 3
Building
Story 1
Others
Tax ID 047023420
Security Features Fire Sprinkler System
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Listed by Randy Kinghorn Kinghorn Commercial Properties
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