805 Broadway AveSeaside, CA 93955

Property Details for 805 Broadway Ave

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

1,857 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

011-545-008-000

APU

11545008000

Description

This prominent free-standing industrial building, located on a highly visible corner lot in the heart of Downtown Seaside, presents a unique investment opportunity. The property encompasses a substantial 3,714 square feet, divided into two nearly identical units, each measuring approximately 1,857 square feet. Each unit boasts two restrooms and two 12-foot roll-up doors at the rear, perfect for handling oversized deliveries and equipment. The expansive 8,000 square-foot lot provides ample space, including a fenced parking area, a designated delivery zone, and convenient alley loading access. The building's prime location and versatile layout make it suitable for a variety of uses. A single operator could acquire the entire property and continue an existing business, or an investor could purchase the building and lease out the individual units. The seller may consider selling each unit separately. This property offers a compelling combination of size, location, and functionality, making it an attractive prospect for both owner-operators and investors seeking a strong return on investment in a thriving downtown area. The property is situated on a 0.28-acre lot. The asking price is $1,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $817,461

  6.5%

  $754,580

  7%

  $700,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,305,198

  Geo Method

  $1,305,198

• Alternative Use

  Use

  Valuation

  Residential

  $636,516

  Hospitality

  $583,045

  Educational

  $485,087

  Medical

  $501,770

  Retail

  $754,580

Location Insight

City

Seaside

County

Monterey

State

California

Latitude

36.6095

Longitude

-121.847

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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