13748 Center ST, Carmel Valley, CA 93924

$3,495,000
List Price
$3,495,000
MLS#
ML81926325
Status
ACTIVE
Property Type
com
Lot Size
4,800
Listing Area
Carmel Valley Village, Los Tulares, Sleepy Hollow
Year Built
1965

Property Description

First time on the market in 20 years, rarely available, investment/exchange opportunity located in the increasingly popular Carmel Valley Village. Close to local wineries, restaurants, and shopping, this 4800 SF parcel features 8200 SF of rentable space including 3 retail stores on the main level. Upper level is spacious, great natural light with 6 skylights and a balcony, upstairs is currently rented out as multiple offices with a common area. Long term tenants, some have been there 18+ years and all the leases are now MTM, which allows a buyer to negotiate increased rents. Dry cleaner uses non-toxic materials and disposes of waste in the upmost environmentally friendly way. 3 separate electric meters downstairs retail spaces and 2 electric meters dividing upstairs. Part of the Carmel Valley Village Center which is a focal point of commerce and activity with ample parking. CAP rate of just over 4% is based on the "projected market rents" as the existing rents are below market.

Additional Information

Acres
0.11
Age
58
Cooling System
Other
Energy Features
Thermostat Controller
Floor Covering
Carpet, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter and Slab
Garage Parking
Common Parking Area, Unassigned Spaces
Heating System
Central Forced Air, Electric, Gas, Other
Lot Size
4,800
Neighborhood
Carmel Valley Village, Los Tulares, Sleepy Hollow
Other Utilities
Public Utilities
Present Use
Mixed, Office, Retail
Roof
Composition
Sewer
Septic Connected
Special Features
Other
Unincorporated Yn
Yes
Zoning
C1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Monterey Peninsula Home Team from KW Coastal Estates. 831-594-3290

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