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Key Details
Sold Price $1,099,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81964427
Sold Date 09/03/24
HOA Y/N No
Year Built 1981
Annual Tax Amount $13,073
Lot Size 5,209 Sqft
Property Description
Rare Stand Alone Industrial Warehouse on the Coast. Multi-Unit Warehouse/Flex Building in heart of up-and-coming Princeton by the Sea. Recently renovated, versatile, light-filled open spaces ready to be configured to suit buyers needs and desired uses. The property is zoned W/DR (Waterfront District/Design Review). Permitted uses include storage/warehouse, light manufacturing, marine related businesses and other compatible uses. Located just off coastal Highway 1 in Pillar Point Harbor, walking distance to fishing harbor, surfing beaches, artisan eateries. Scenic 30 minutes to San Francisco/SFO/SM Peninsula. CCWD 5/8" Water Permit included with parcel. Meter on Site. Parcel is #1 on the SM County's Caretaker's Quarter Permit List, allowing for possible configuration +/- 700 sf residence unit. Recent full exterior renovation by Metal Building Company included new siding, roof, skylights, windows, roll ups/man doors and secure fencing. Interior renovation included upgraded LED lighting, insulation and paint. Securely fenced yard/parking area. Remaining short lease to stellar tenant will provide buyer w/ passive income while building plans are permitted & approved. Great Investment. High demand area w/ near zero vacancy. Squared away units like this usually sell off market.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning ML00M1
Interior
Cooling None
Fireplace No
Exterior
Roof Type Metal
Total Parking Spaces 4
Building
Story 1
Others
Tax ID 047036010
Financing Other
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Bought with Randy Kinghorn • Kinghorn Commercial Properties