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1602 Miramontes Point Road - Alves

2.61 Acres of Commercial Land Offered at $4,536,000 in Half Moon Bay, CA 94019

Investment Highlights

  • High Visibility. South Gateway to Half Moon Bay, Good access.
  • Estimated 40-50,000 daily traffic.

Executive Summary

Multiple trusts and multiple owners, offer protocol and disclosure package available including specific terms and conditions of any offers. See Disclosure Link**
Southern Gateway to Half Moon Bay. Access from both Cabrillo Hwy and Miramontes Point Road. Highly visible location and estimated 40 - 50,000 vehicles pass it per day. Being sold w/ 1602 Miramontes Point Rd with an approximate total of 2.61 acres (113,691 sq ft mol). One price for both. Ideal business location zoned Commercial General. There are numerous business opportunities. The existing building was known as the Alves Dairy. A small portion of the property is currently being used as storage space and a large portion is used for parking. Currently occupied by three tenants. Building permits and development is regulated by the City of Half Moon Bay.
Private: Two adjacent listings being sold together (1 price), listed separately referencing the other. The total area is 113391 sq ft mol (2.61 acres mol). Note that the taxes are different on both parcels and need to be considered together to get combined evaluation of the properties.General maintenance and management cost vary like portions of insurance and management. There are 3 existing leases, two for storage and one for parking. There is a 5/8 in CCWD connection and PG&E. Not connected to the public sewer system and septic system not used. Original Alves Dairy Building was built with a permit in 1962. Basic building 3,042 sq ft.+- Appointment needed to show the storage area. Multiple owners out of the area. Disclosures available in two phases. Owners require property is on the market for a period of time before considering any offer. An offer protocol will be available to clarify terms and conditions that will need to be considered with an offer. Please contact me with any questions.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per AC
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per AC $9.99
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $99,999
Annual Per AC $9.99
Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99
Net Operating Income
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $4,536,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Contractor Storage Yard
Total Lot Size 2.61 AC

1 Lot Available

Lot

Price $4,536,000
Price Per AC $1,737,931
Lot Size 2.61 AC

Corner of Hwy 1 and Miramontes Pt. Rd. South end of Half Moon Bay, access on both Miramontes Pt Rd. and Cabrillo Hwy. Mostly level approximately 60% of property is paved for parking. Hwy 1 facing, horseshoe driveway to old dairy building.

Description

Southern Gateway to Half Moon Bay. Access from both Cabrillo Hwy and Miramontes Point Road. Highly visible location and estimated 40 - 50,000 vehicles pass it per day. Being sold w/ 1602 Miramontes Point Rd with an approximate total of 2.61 acres (113,691 sq ft mol). One price for both. Ideal business location zoned Commercial General. There are numerous business opportunities. The existing building was known as the Alves Dairy. A small portion of the property is currently being used as storage space and a large portion is used for parking. Currently occupied by three tenants. Building permits and development is regulated by the City of Half Moon Bay. Private: Two adjacent listings being sold together (1 price), listed separately referencing the other. The total area is 113391 sq ft mol (2.61 acres mol).

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 066-093-280
  • 066-093-270
Land Assessment
$5,546,099 (2024)
Improvements Assessment
$129,997 (2024)
Total Assessment
$5,676,096 (2024)

zoning

Zoning Code C-G (Commercial-General. In the city of Half Moon Bay.)
C-G (Commercial-General. In the city of Half Moon Bay.)
  • Listing ID: 34086798

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 1602 Miramontes Point Road, Half Moon Bay, CA 94019

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