Bought with William Bright • Merge Real Estate
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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 3,795 sqft
Price per Sqft $421
MLS Listing ID ML82025492
Year Built 1988
Lot Size 7,000 Sqft
Property Sub-Type Commercial Property
Property Description
Rare commercial opportunity with three small buildings on one parcel near the busy corner of Princeton. Occupy all three buildings, lease all three or a combination of both. Building sizes are +/-1020, 1260 and 1500 sf, each with their own bathroom, electrical and water meter. All buildings were renovated in 2020 and have fire sprinklers. Former tenant had a tap room and brewery for the last 4+ years. Their existing FF&E may be available for purchase separately. The property is ready for a new concept and will be delivered vacant at closing. Coastal visitors (approximately 4 million a year) and locals alike are attracted to this area of Princeton for its great mix of restaurants, bars, vacation rentals and access to coastal trails and beaches. The area has been experiencing substantial economic development and rent growth providing the potential for lucrative investment returns. This property is located within a block or two of large economic drivers: Half Moon Bay Yacht Club, Mavericks Event Center, JettyWave Distillery, Mavericks Inn, Mezza Luna Restaurant, Old Princeton Landing Bar and Grill.
Location
State CA
County San Mateo
Area Princeton Harbor
Zoning CCR
Interior
Heating Forced Air
Cooling None
Flooring Concrete, Tile, Other
Exterior
Exterior Feature Fenced, Low Maintenance, Porch - Enclosed
Parking Features Guest / Visitor Parking, Off-Street Parking
Utilities Available Individual Electric Meters
Roof Type Rolled Composition
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Individual Water Meter
Others
Special Listing Condition Not Applicable
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Matt Cossell
Top 1% Realtor | License ID: 01382971
Top 1% Realtor License ID: 01382971


