150 Beach RdMarina, CA 93933

Property Details for 150 Beach Rd

Year built

1992

Lot size

7.77 AC

Property size (Sq ft)

94,944 SF

Property type

Retail properties

Property subtype

Retail space

APN

033-111-009-000

APU

33111009000

Description

This exceptional 5.11-acre commercial land parcel presents a unique investment opportunity in the vibrant coastal city of Marina, California. Located at 150 Beach Rd, Marina, CA 93933, this single-tenant property offers unparalleled potential for development. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. Situated in Monterey County, this property benefits from a strategic location with convenient access to major transportation routes, ensuring excellent visibility and accessibility for any future development. The property is designated as commercial land and is currently available for lease. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a significant land holding in a thriving coastal community. Prospective tenants are encouraged to explore the possibilities this prime location offers. The property's address is clearly identified as 150 Beach Rd, providing easy navigation and identification. The site's latitude and longitude coordinates are 36.6931213 and -121.8011574 respectively, for precise location verification. This offering represents a rare chance to secure a substantial commercial land parcel in a desirable coastal California setting. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $41,794,844

  6.5%

  $38,579,856

  7%

  $35,824,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,731,696

  Geo Method

  $66,731,696

• Alternative Use

  Use

  Valuation

  Residential

  $32,543,554

  Hospitality

  $29,809,720

  Educational

  $24,801,336

  Medical

  $25,654,292

  Retail

  $38,579,856

Location Insight

City

Marina

County

Monterey

State

California

Latitude

36.6934

Longitude

-121.801

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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