4901 Soquel DrSoquel, CA 95073

Property Details for 4901 Soquel Dr

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

1,235 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

030-094-18

APU

3009418

Description

This exceptional 1,250 square foot restaurant and bar, located at 4901 Soquel Drive in Soquel, California (zip code 95073), presents a compelling investment opportunity. Built in 1964 and extensively renovated in 2013, this single-story establishment sits on a 0.14-acre lot and boasts eight parking spaces. The property is zoned C-2, providing flexibility for various uses. The interior features a limited kitchen and the exterior includes an attractive outdoor patio area, perfect for enjoying the California climate. The building benefits from excellent street visibility due to its prime corner location on Soquel Drive. This property is ideal for an owner-user seeking to establish or expand their business, or for an investor looking for a strong return. The property's features include a grease trap, but it lacks a hood system. The assessed parcel number (APN) is 030-094-18. Potential buyers are advised to conduct their own due diligence regarding property dimensions, boundaries, and tenant information. This is a rare opportunity to acquire a well-maintained, established business in a highly desirable location. The asking price is $1,395,000.

• CAP approach

  CAP return

  Valuation

  6%

  $543,653

  6.5%

  $501,834

  7%

  $465,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $868,024

  Geo Method

  $868,024

• Alternative Use

  Use

  Valuation

  Residential

  $423,316

  Hospitality

  $387,755

  Educational

  $322,608

  Medical

  $333,702

  Retail

  $501,834

Location Insight

City

Soquel

County

Santa Cruz

State

California

Latitude

36.9889

Longitude

-121.954

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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