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The Colonial Building 501 N Santa Cruz Ave

4,065 SF 86% Leased Retail Building Los Gatos, CA 95030 $3,450,000 ($849/SF) 4.14% Cap Rate

Executive Summary

One of a kind multi-tenant mixed use leased investment property in downtown Los Gatos. Current owners have invested in a recent facelift to the exterior as well as undergone a tenant re-leasing and stabilization effort. Limited vacancy provides for some investment upside and also owner-user opportunity. Please call for additional information.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,065 SF
Building Class
C
Year Built
1964
Price
$3,450,000
Price Per SF
$849
Cap Rate
4.14%
NOI
$143,000
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.19 AC
Zoning
C-2 - ZONING ALLOWS MOST USES AUTOMATICALLY OR WITH A CUP. CENTRAL BUSINESS DISTRICT.
Parking
9 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
50 FT on N SANTA CRUZ AVENUE

Amenities

  • Corner Lot
  • Fenced Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2
  • 450 SF
  • Flex
  • -
  • Now

Nice ground floor space for retail, office, or personal services. Close to downtown Los Gatos with plenty of amenities. Separate bathroom and shower and one demised treatment room with a sink. Great for a small salon.

  • B
  • 225 SF
  • Office
  • -
  • Now

Excellent 2nd floor office space with views of the Santa Cruz Mountains. Perfect for small professional office use. Shared restrooms with 3 other suites. On site non-exclusive parking. Walk to all the downtown Los Gatos amenities.

  • D
  • 275 SF
  • Office
  • -
  • 60 Days

Great little office space with beautiful view of Los Gatos hillsides. Very quiet. Convenient to downtown with many amenities and services. Also could be personal service use or flex.

Space Size Space Use Position Available
2 450 SF Flex - Now
B 225 SF Office - Now
D 275 SF Office - 60 Days

2

Size
450 SF
Space Use
Flex
Position
-
Available
Now

B

Size
225 SF
Space Use
Office
Position
-
Available
Now

D

Size
275 SF
Space Use
Office
Position
-
Available
60 Days

2

Size 450 SF
Space Use Flex
Position -
Available Now

Nice ground floor space for retail, office, or personal services. Close to downtown Los Gatos with plenty of amenities. Separate bathroom and shower and one demised treatment room with a sink. Great for a small salon.

B

Size 225 SF
Space Use Office
Position -
Available Now

Excellent 2nd floor office space with views of the Santa Cruz Mountains. Perfect for small professional office use. Shared restrooms with 3 other suites. On site non-exclusive parking. Walk to all the downtown Los Gatos amenities.

D

Size 275 SF
Space Use Office
Position -
Available 60 Days

Great little office space with beautiful view of Los Gatos hillsides. Very quiet. Convenient to downtown with many amenities and services. Also could be personal service use or flex.

Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Safeway
Starbucks
Comerica
U.S. Bank
Bank of America
Chase Bank
First Republic Bank
Vitality Bowls
Blue Bottle Coffee
Pure Barre

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
410-15-064
Land Assessment
$343,595
Improvements Assessment
$915,207
Total Assessment
$1,258,802
  • Listing ID: 33678139

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 501 N Santa Cruz Ave, Los Gatos, CA 95030

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