10275 Merritt StCastroville, CA 95012

Property Details for 10275 Merritt St

Lot size

0.29 AC

Property type

Land

Property subtype

Commercial land

APN

030-128-014-000

APU

30128014000

Description

This exceptional 0.29-acre commercial lot at 10275 Merritt Street in Castroville, CA, presents a unique investment opportunity. Situated in the heart of the "Artichoke Center of the World," this corner lot boasts a highly visible location within the Merritt Street Corridor Opportunity Area, offering excellent accessibility and three-sided driveway access. The property is zoned for mixed-use, allowing for a variety of development options, including retail, dining establishments, apartments, or mixed-use developments. Established utilities are already in place, simplifying the development process. Its strategic location at the entrance to Highway 156, soon to undergo a lane expansion, and in close proximity to the upcoming Castroville Multimodal Station (a vital transit hub connecting to Silicon Valley), ensures exceptional exposure to a large daily commuter traffic flow. Currently generating income from existing billboard advertising and a food truck lease, this property provides immediate return on investment while offering significant long-term growth potential. The property's prime location, connecting Monterey, Silicon Valley, and the Bay Area, makes it an ideal investment for those seeking to capitalize on Castroville's dynamic growth. The asking price is $600,000.

• Alternative Use

  Use

  Valuation

  Residential

  $4,374,720

  Hospitality

  $4,007,220

  Educational

  $3,333,960

  Medical

  $3,448,620

  Retail

  $5,186,160

Location Insight

City

Castroville

County

Monterey

State

California

Latitude

36.769

Longitude

-121.762

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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