3025 Porter Street, Soquel, CA 95073
  • MLS#: ML82001653 ( )
  • Street Address: 3025 Porter Street
  • Viewed: 3
  • Price: $3,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1935
  • Bldg sqft: 0
  • Days On Market: 17
  • Additional Information
  • County: SANTA CRUZ
  • City: Soquel
  • Zipcode: 95073
  • Provided by: David Lyng Real Estate
  • Contact: Gina Gina
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 8592.00
Current Use
  1. Commercial
Heating
  1. Forced Air
Otherexpense
  1. 18484.00
Otherincome1
  1. 81556.00
Parcel Number
  1. 03008132000
Professionalmanagementexpense
  1. 0.00
Roof
  1. Tar/Gravel
Totalexpenses
  1. 95075.00
Trash Expense
  1. 0.00
Virtual Tour Url
  1. https://f8.f8re.com/videos/0195e214-5256-7331-9ca6-194f66f10711
Water Source
  1. Public
Year Built
  1. 1935
Year Built Source
  1. Assessor
Zoning
  1. C-2-GH