11261 Merritt St - Specialty FOR SALE


Castroville, CA 95012
$2,399,999 USD
800-553-2131
11261 Merritt St, Castroville, CA for Sale
$2,399,999 USD
Specialty - FOR SALE
1/29
null | 3.75% Cap Rate

NEW


11261 Merritt St
Castroville, CA 95012


HIGHLIGHTS

  • Historic corner location.

OVERVIEW

Historic landmark with character, home to the famous Worlds Largest Artichoke sculpture a 20-ft tall, 12-ft wide erected in 1963 by Ray Beithis property commands attention and celebrates Castroville's legacy as the Artichoke Center of the World. Strategically located in Monterey County between Salinas and Monterey and sits on an expansive 18,230 sq ft lot with high visibility and frontage on Merritt Street. Turnkey business for someone looking to continue the tradition of this historic building, perfect for passive income. The property has destination appeal, The Giant Artichoke landmark ensures constant foot traffic and tourist allure. Property will be delivered vacant.

FOR SALE DETAILS

PRICE

$2,399,999 USD

PRICE/SF

$644 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

030-184-008-000

ASK ABOUT THIS PROPERTY

Adrian LopezWindermere Valley PropertiesMore Info
800-553-2131

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Adrian LopezWindermere Valley PropertiesMore Info
800-553-2131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.