880 Broadway AveSeaside, CA 93955

Property Details for 880 Broadway Ave

Year built

2007

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

7,799 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

011-297-003-000

APU

11297003000

Description

This exceptional investment opportunity presents a 55,751 square foot retail center in Seaside, California. The property, built in 2006, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $215,121 and a compelling 6.00% capitalization rate. Priced at $3,585,350, this asset offers significant potential for investors seeking a stable, high-performing retail portfolio addition. The center is strategically located at 880 Broadway Ave, Seaside, CA 93955, on a 0.49-acre lot with ample parking (191 spaces) and excellent visibility due to its location at a signalized intersection. The property is zoned Commercial Mixed Use (CMX) and includes a ±7,591 square foot building that is part of a larger shopping center. The anchor tenant is Grocery Outlet, providing a strong foundation for the center's continued success. The property's Assesor's Parcel Number (APN) is 011-297-003-000. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a desirable California market. Don't miss this chance to secure a valuable addition to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $3,433,160

  6.5%

  $3,169,071

  7%

  $2,942,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,481,552

  Geo Method

  $5,481,552

• Alternative Use

  Use

  Valuation

  Residential

  $2,673,230

  Hospitality

  $2,448,664

  Educational

  $2,037,260

  Medical

  $2,107,325

  Retail

  $3,169,071

Location Insight

City

Seaside

County

Monterey

State

California

Latitude

36.6089

Longitude

-121.846

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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