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10275 Merrit St
0.29 Acres of Commercial Land Offered at $600,000 in Castroville, CA 95012
Investment Highlights
- Prime location at Entrance to Castroville Corridor - Draw traffic from Highway 1 travellers and commuters
- Prior Development plans validate readiness of this lot for Development
- Blank Slate - No old building to remove or remodel, No prior gas tanks to remediate, Good solid flat land with utilities
- Income producing vacant land - Income while you prepare your development project
- Get in now at Value pricing - Transportation projects underway - Increased customer base and profit potential
Executive Summary
Located at the entrance to Castroville from the Highway 1 route connecting the Monterey Peninsula to Santa Cruz and San Jose, this location would be an easy stop off for travelers and commuters. Great opportunity to build a food/beverage franchise with apartments above and secure two steady income streams.
Pay property tax holding costs plus extra income via billboard and taco truck leases. Seller will 1031 exchange this property, Buyer to participate, no cost to them.
Priced for quick sale. Be one of the first to inquire.
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$17,138
|
$58,551.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$17,138
|
$58,551.42
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $17,138 |
| Annual Per AC | $58,551.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $17,138 |
| Annual Per AC | $58,551.42 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Price | $600,000 |
| Sale Type | Investment |
| Sale Conditions | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.29 AC |
1 Lot Available
Lot
| Price | $600,000 | Lot Size | 0.29 AC |
| Price Per AC | $2,049,558 |
| Price | $600,000 |
| Price Per AC | $2,049,558 |
| Lot Size | 0.29 AC |
Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County, this lot is level with utilities at the street. Survey size: 12, 752 sq ft. Previously part of an approved development project. Ask for prior reports.
Description
Nestled in the heart of Castroville, known as the 'Artichoke Center of the World,' this corner commercial lot in the Merritt St Corridor Opportunity Area offers a rare and highly visible location with excellent accessibility. Zoned for mixed-use, the property features three-sided driveway access and established utilities, providing an ideal foundation for transformative mixed-use projects such as retail, dining, and apartments. Strategically positioned as the first commercial location along the route to Highway 156—soon to undergo a lane expansion—and the upcoming Castroville Multimodal Station, a vital transit hub connecting to Silicon Valley, the site benefits from exceptional exposure to thousands of daily commuters. Currently generating consistent income from billboards and a food truck lease, it delivers immediate returns while offering tremendous growth potential. With its prime location connecting Monterey, Silicon Valley, and the Bay Area, this property represents a unique opportunity to shape the future of Castroville’s dynamic growth.
PROPERTY TAXES
| Parcel Number | 030-128-014-000 | Improvements Assessment | $0 |
| Land Assessment | $243,453 | Total Assessment | $243,453 |
PROPERTY TAXES
zoning
| Zoning Code | Mixed Use (Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County) |
| Mixed Use (Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County) |
Presented by
10275 Merrit St
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