For Sale
$3,150,000

3025 Porter StSoquel, CA 95073

Three-building retail center, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
Soquel Village Mall presents a unique investment opportunity in the heart of Soquel, California. This established retail center comprises three buildings totaling 8,592 square feet of net rentable area situated on a 0.77-acre lot. The property, located at the high-visibility intersection of Soquel Drive and Porter Street, benefits from easy access to State Highway 1. Currently boasting 84% occupancy across eight tenants, the property includes a multi-tenant commercial building, a single-tenant restaurant, and a single-tenant auto repair shop. Built between 1935 and 1964, the buildings are zoned Community Commercial (CC). The asking price is $3,150,000, translating to $366.62 per square foot. This represents a value-add opportunity due to below-market contract rents and the potential to lease up the currently vacant space. The property has been under the same ownership for 40 years, making this a rare chance to acquire three desirable buildings in a single transaction. The property consists of ten units across three separate parcels (APN: 030-081-35, 030-081-31, 030-081-32). This is a compelling investment prospect with significant upside potential.

Highlights

  • High-profile Soquel, CA retail center at the corner of Soquel Drive and Porter Street.
  • Offered for sale for the first time in 40 years.
  • Three adjacent buildings totaling 8,592 square feet on separate parcels.
  • Value-add opportunity with below-market rents and vacant space to lease.
  • Below-market lease rates provide strong cash flow and upside potential.
  • Excellent access to Highway 1 via the Porter Street interchange.

Property Details for 3025 Porter St

Property type
Lifestyle centers, Power centers
Square Feet
8,592 SF
Class
C
Buildings
3
Lot Size (sq. ft)
33,541 SF
Units
10

Location Insight

City
Soquel
County
Santa Cruz
State
California
Latitude
36.9888773
Longitude
-121.9574087
3025 Porter St, Soquel, California

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3025 Porter St
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