11261 Merritt St - Specialty FOR SALE


Castroville, CA 95012
$2,390,000 USD
408-359-7070
11261 Merritt St, Castroville, CA for Sale
$2,390,000 USD
Specialty - FOR SALE
1/12
null | Request Cap Rate

11261 Merritt St
Castroville, CA 95012


HIGHLIGHTS

  • Highly visible corner location at the gateway to Castroville
  • Immediate exposure from Highway 156
  • Existing restaurant infrastructure in place
  • Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment

OVERVIEW

THE GIANT ARTICHOKE – PRIME HIGHWAY COMMERCIAL RESTAURANT OPPORTUNITY Rare opportunity to acquire the iconic Giant Artichoke restaurant property located at the primary entry corridor into Castroville, California, immediately visible from Highway 156. Positioned on a highly visible corner parcel with strong traffic exposure, the property offers exceptional potential for restaurant operators, owner-users, franchise concepts, or redevelopment investors. The property consists of approximately 3,726 square feet plus an approximately 800 square foot enclosed patio situated on an 18,231 square foot commercial lot. The existing operator, a family member of ownership, is retiring and the property will be delivered vacant at closing, creating a unique opportunity for immediate repositioning or redevelopment without tenant complications. The site benefits from excellent regional traffic flow connecting Highway 101, Monterey County, Santa Cruz County, and the Monterey Peninsula. Castroville’s reputation as a tourism and agricultural destination further enhances the visibility and branding potential of this strategic commercial location. Property Highlights: • Highly visible corner location at the gateway to Castroville • Immediate exposure from Highway 156 • Approximately 18,231 SF commercial parcel • Approximately 3,726 SF restaurant building • Approximately 800 SF enclosed patio area • Existing restaurant infrastructure in place • Ample parking and strong accessibility • Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment • Delivered vacant at close of escrow • Rare owner-user or investment opportunity in Monterey County corridor This is a unique opportunity to acquire one of Castroville’s best-known commercial restaurant locations with significant upside potential for repositioning, redevelopment, or continued food service use.

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$641 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CP

APN/PARCEL ID

030-184-008-000

ASK ABOUT THIS PROPERTY

Moon ChoeSkyview Realty Inc.More Info
408-359-7070

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Moon ChoeSkyview Realty Inc.More Info
408-359-7070

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