14529 Big Basin WaySaratoga, CA 95070

Property Details for 14529 Big Basin Way

Year built

1953

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

2,246 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

503-24-029

APU

50324029

Description

This exceptional mixed-use property in desirable downtown Saratoga, California, presents a unique investment opportunity. The main building offers approximately 2,246 square feet of vacant retail space, perfect for a variety of commercial ventures. Built in 1953, this two-story structure sits on a 4,062 square foot lot (APN: 503-24-029) and is ready for occupancy on October 1, 2024. Adding to its appeal is a separate, approximately 620 square foot studio residence located at the rear of the property. This private studio features a kitchen, in-unit laundry, and a clever half-wall partition separating the living and sleeping areas. The property's prime location in Saratoga, within an affluent community, ensures high visibility and access to a discerning clientele. The meticulously maintained building offers versatile space and timeless architecture, providing a solid foundation for a successful retail business and additional rental income from the studio. The asking price is $2,950,000, translating to $1,313.45 per square foot. This is a rare opportunity to acquire a mixed-use property combining prime retail space with a valuable residential component in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,665,965

  6.5%

  $1,537,814

  7%

  $1,427,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,578,608

  Geo Method

  $1,578,608

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,204

  Hospitality

  $1,188,232

  Educational

  $988,595

  Medical

  $1,022,594

  Retail

  $1,537,814

Location Insight

City

Saratoga

County

Santa Clara

State

California

Latitude

37.2571

Longitude

-122.035

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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