501 N Santa Cruz AVE

LOS GATOS, CA, 95030

$3,750,000

$3,750,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1964
GREAT VISIBILITY ON THIS MIXED USE RETAIL/OFFICE BUILDING LOCATED ON MAIN ARTERIAL OF DOWNTOWN LOS GATOS AT SIGNALIZED INTERSECTION. BOTTOM FLOOR CONSISTS OF MAINLY SERVICE RETAIL AND TOP FLOOR OFFICE UPSTAIRS THEIR IS TWO SHARED BATHS OFF BALCONY AND DOWNSTAIRS UNITS ALL HAVE THEIR OWN PRIVATE BATHS. GREAT ONSITE PARKING LOT WITH EASY INGRESS AND EGRESS. OWNERS ARE RETIRING AND THIS IS A GREAT OPPORTUNITY FOR A NEW OWNER TO REPOSITION THE ASSET AND GET THE RENTS TO MARKET TO MAKE REAL ECONOMIC SENSE. THEIR IS A WALKWAY IN REAR OF THE BUILDING AND IT BACKS UP TO A RESIDENTIAL UNIT AND HAS A MULTI RESIDENTIAL UNIT ON THE SIDE. ALL LEASES ARE MO TO MO WHICH ALLOWS A OPPORTUNITY FOR A OWNER USER TO OCCUPY A PARTIAL PART OF THE BUILDING. ONE OF THE OWNERS HAS A ONSITE BUSINESS BUT IS RETIRING AND HIS EMPLOYEE WANTS TO TAKE OVER THE BUSINESS AND CONTINUE RENTING. ACROSS THE STREET IS COMMONWEALTH TITLE AND SAFEWAY. AGENT SOLD PROPERTIES ACROSS THE STREET AND HAS DATA ON SALES.
MLS® ID:
ML81902011
Updated:
10/2/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Laminate, Vinyl / Linoleum
Cooling
Central AC, Window / Wall Unit
Heating
Wall Furnace

Exterior/Building Features

Lot Size
8,398 ft² lot
Roof
Shingle, Tar and Gravel
Sewer
Sewer Connected

Other Property Details

Area Name
16
Garage
Yes
Parking
Common Parking Area, Guest / Visitor Parking, Off-Street Parking, On Street, Unassigned Spaces
Parking Total
9.0
View
Y
County
Santa Clara
Utilities
Garbage Collection
Water Source
Public
Pool
No
Total Stories
2
Zoning
C2

 

Courtesy of Mike Rugani, Compass

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Data last updated 8:51 AM UTC, 10/2/22

 

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