1000 Bean Hollow RdPescadero, CA 94060

Property Details for 1000 Bean Hollow Rd

Lot size

74.16 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

086-260-010

APU

86260010

Description

This exceptional 74.275-acre property in Pescadero, California, presents a unique investment opportunity. Located at 1000 Bean Hollow Rd, San Mateo County, (zip code 94060), this former Bay City Nursery facility boasts stunning Pacific Ocean views and is conveniently situated approximately half a mile from Cabrillo Highway. The gently sloping land is zoned PAD/CD and is ideal for a variety of agricultural uses, including nursery stock, potted plants, general horticulture, and open-field cultivation. The extensive improvements include over 350,000 square feet of structures, comprising 245,482 square feet of steel-frame greenhouses, 94,000 square feet of agricultural tunnel space, a 5,000-square-foot warehouse, pump houses, boiler rooms, a mobile home, and other outbuildings. A leased cellular communication tower adds to the property's income potential. The property's irrigation system is robust, featuring three on-site wells, booster pump stations, surface ponds with approximately 4.0 acre-feet of capacity, and two holding tanks. This bank-owned foreclosure is offered at a significantly reduced price of $7,850,000. The property's scale and infrastructure make it suitable for continued agricultural use or redevelopment into a magnificent coastal estate. APN: 086-260-010. Ownership: Rabo Agrifinance.

• CAP approach

  CAP return

  Valuation

  6%

  $2,408,593,152

  6.5%

  $2,223,316,736

  7%

  $2,064,508,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,162,049,536

  Geo Method

  $2,270,444,288

• Alternative Use

  Use

  Valuation

  Residential

  $1,875,450,880

  Hospitality

  $1,717,902,976

  Educational

  $1,429,275,008

  Medical

  $1,478,430,080

  Retail

  $2,223,316,736

Location Insight

City

Pescadero

County

San Mateo

State

California

Latitude

37.2356

Longitude

-122.401

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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