11261 Merritt Street, Castroville, CA 95012
Monterey County
Key Facts
Description
THE GIANT ARTICHOKE PRIME HIGHWAY COMMERCIAL RESTAURANT OPPORTUNITY - Rare opportunity to acquire the iconic Giant Artichoke restaurant property located at the primary entry corridor into Castroville, California, immediately visible from Highway 156. Positioned on a highly visible corner parcel with strong traffic exposure, the property offers exceptional potential for restaurant operators, owner-users, franchise concepts, or redevelopment investors. The property consists of approximately 3,726 square feet plus an approximately 800 square foot enclosed patio situated on an 18,231 square foot commercial lot. Property Highlights: Highly visible corner location at the gateway to Castroville Immediate exposure from Highway 156 Approximately 18,231 SF commercial parcel Approximately 3,726 SF restaurant building Approximately 800 SF enclosed patio area Existing restaurant infrastructure in place Ample parking and strong accessibility Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment Delivered vacant at close of escrow
Property Information
Property Type
Commercial Sale
Year Built
1973
Living Area
3,726 sq ft
Lot Size
0.42 acres
Zoning
Commercial
MLS® Listing#
ML82053079
Property Features
Cooling
Roof
Water Source
Financial Details
Parcel Number
030184008000
Affordability Calculator
$379,800
Estimated monthly payment
$10,107/mo
Principal $1,519,200 · Est. interest $2,119,419 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Castroville, CA
- $816,667
- Median Listing Price
- 79
- Median Days on Market
- 1,400
- Median Sq Ft
- $311
- Median Price / Sq Ft
- 21
- Active Listings
- This home’s price is 133% above the area median.
- Its price per sq ft is 64% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Castroville, CA.
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EXIT Agents in Castroville
Listing Courtesy: Blue Moon Realty - 4083597070
Presented by: Moon Choe
Licensed in the state of California.