3025 Porter Street, Soquel, CA, 95073

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$3,150,000
65 Days On Site

3025 Porter Street
Soquel, CA 95073

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
8,592
SqFt
$367
/SqFt
1935
Built
County:
Santa Cruz
Listed by Gina Carling of David Lyng Real Estate [email protected]
3025 Porter Street3025 Porter Street3025 Porter Street3025 Porter Street
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Monthly Payment (Est.)

$14,372
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Soquel Village Mall is a three-building commercial property with a high-profile location at the intersection of Soquel Drive and Porter Street in the heart of Soquel, California. The property totals 8,592 square feet of gross leasable area on 0.77 acres and includes a multi-tenant commercial building, single-tenant restaurant building, and single-tenant auto repair building. This is the first time the property has been on the market in 40 years and represents a rare opportunity for an investor to acquire three highly desirable buildings in a single transaction. Most of the tenants in Soquel Village Mall have occupied the property for many years, and contract rents are well below market levels. Additionally, about 40% of the space is vacant or leased on a short-term basis. The net income for the property can be increased significantly by leasing up the vacant space and moving contract rents to market. Each building is situated on a separate parcel. located at the northwest corner of Soquel Drive and Porter Street, two of the major surface streets in Soquel. Soquel Drive carries about 19,000 vehicles per day and Porter Street has traf c counts exceeding 11,000 vehicles per day, providing excellent exposure for tenants at the property. Easy drive to San Jose & Monterey Bay Areas.

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Listing Snapshot
Price 
$3,150,000
Days On Site 
65 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,592 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.774 Acres
Year Built 
1935
MLS® Number 
ML82001653
Status 
Active
Property Tax 
$21,515
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.774
Additional Property Use 
Commercial
Number Of Stories 
1
Parking Spaces 
45
SqFt Total 
8592
Water Source 
Public
Zoning 
C-2-GH
Interior Features
Cooling 
Heating 
Forced Air
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Exterior Features
Roof 
Tar/Gravel
Community Features
MLS Area 
699 - Not Defined


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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