11221 Merritt Street
Castroville, CA 95012
Active Under Contract for $1,150,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 18,450 sqft
| MLS | ML81999246 |
| Year Built | 1973 |
| Property Type | |
| County | Monterey |
| Status | Active Under Contract |
| Active Under Contract | $1,150,000 |
| Structure Size | N/A sqft |
| Lot Size | 18,450 sqft |
| Beds | N/A |
| Baths |
Description
Excellent investment opportunity to own a piece of the world famous Giant Artichoke building in historic Castroville! The 6694 sqft building is fully leased(business and some fixtures not included with sale) with stable long term tenants. The property offers a single story building with a dining area, kitchen area, deli area, cold storage and refrigeration units, produce stand and 3 private bathrooms. The expansive lots sits on approx 18,450 sqft of prime Merritt street frontage and is zoned Mixed Use which allows up to 30 units per acre for mixed use development. Priced at just under a 6% Cap Rate, this property has a ton of potential and value add possibilities for the right buyer!
Listing information courtesy of: Sean Griffin, Agency One Real Estate 831-262-1955. *Based on information from the Association of REALTORS/Multiple Listing as of 03/31/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Nicole Pratt
REALTOR®
Direct: 661.480.4954
Email: Email Me
DRE: 01951107
DRE #01873088
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