2904 Freedom Boulevard, Corralitos, CA, CA 95076

$3,200,000

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List Price
$3,200,000
Price Change
▼ $595,000 1784763828
Status
ACTIVE
MLS#
ML82053332
County
Santa Cruz
Zoning
C-1
Year Built
1931
Square Feet
9,015
Lot Size (acres)
1.92
Days on Market
22
Property Type
Commercial
Business Type
Barber/Beauty, Commercial, Deli/Catering, Health Services, Pizza, Restaurant, Retail

Property Description

Iconic and historic investment opportunity on nearly 2 acres of level land in thriving Corralitos. Fondly known since the 1850s as the "Five Mile House" a prominent former tavern and stagecoach stop this versatile commercial property blends steady holding income with immense development upside. The site currently hosts an eclectic, established mix of 10+ food, health, and service tenants providing an immediate, reliable income stream from day one. For the forward-thinking developer or entrepreneur, the true prize lies in the rear of the property: approximately 40,000 sq. ft. of flat, undeveloped land. Flexible Commercial zoning allows for a wide array of development options. As this area of Corralitos rapidly gains popularity as a vibrant hub for businesses, services, and entertainment, this premier location is primed for expansion. Bring your vision to maximize the untapped potential of this unique, underutilized community landmark. The possibilities here are truly limitless!

Additional Information

Taxes
$48,617
Parcel Number
10819128000
Gross Scheduled Income
$289,824
Heat
Central
Cooling
Yes
Cooling Description
None
Roof
Tar/Gravel
Parking Spaces
58
Water
Public

Listing courtesy of Listing Agent: Paul Zech (paul.zech@cbrealty.com) from Listing Office: Coldwell Banker Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.