345 El Camino RealGreenfield, CA 93927

Property Details for 345 El Camino Real

Year built

1969

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

1,454 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

024-034-001-000

APU

24034001000

Description

This exceptional commercial property, located at 345 El Camino Real in the heart of downtown Greenfield, California, presents a compelling investment opportunity. The 1,454 square foot building sits on a sizable 0.3-acre corner lot, offering excellent visibility and accessibility for any business. The property benefits from abundant on-site parking, a significant advantage in a high-traffic area. Currently occupied by Prime Time Nutrition under a lease agreement, this provides immediate and stable cash flow for the new owner. The strategic location in downtown Greenfield ensures high foot traffic and exposure to a thriving community. The property's versatile nature makes it suitable for a variety of commercial uses, offering significant potential for future growth and return on investment. The asking price of $1,000,000 reflects the property's prime location, substantial lot size, and existing tenancy. This is a rare opportunity to acquire a well-situated commercial property in a desirable California market. Serious inquiries are encouraged to explore this promising investment further. The property is ready for immediate occupancy by a new owner upon lease expiration or renegotiation.

• CAP approach

  CAP return

  Valuation

  6%

  $640,058

  6.5%

  $590,823

  7%

  $548,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,021,949

  Geo Method

  $1,021,949

• Alternative Use

  Use

  Valuation

  Residential

  $498,381

  Hospitality

  $456,515

  Educational

  $379,815

  Medical

  $392,877

  Retail

  $590,823

Location Insight

City

Greenfield

County

Monterey

State

California

Latitude

36.3235

Longitude

-121.246

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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