425 Orange Avenue Sand City CA 93955, $2,950,000
Amazing investment opportunity with conceptual plans in burgeoning "West End" section of Sand City. 13,200 s/f commercial building on over 26,000 s/f lot covering 2 major corners in town.
Amazing investment opportunity with conceptual plans in burgeoning "West End" section of Sand City. 13,200 s/f commercial building on over 26,000 s/f lot covering 2 major corners in town.
Currently Yielding Income
This building has a very flexible leases that could become an important financial driver in the purchase of this building. Call to discuss rental income, lease status and potential
This building has a very flexible leases that could become an important financial driver in the purchase of this building. Call to discuss rental income, lease status and potential
Covers 2 full corners in Sand City
This parcel represents an opportunity to own almost the entire block. Significant access from 3 streets covering two corners entirely.
This parcel represents an opportunity to own almost the entire block. Significant access from 3 streets covering two corners entirely.
Conceptual Plans for 15+ Unit building
The opportunity for this land stands to explode upon the approval and completion of the pending Sand City Desalination Plant. Local architect Eric Miller has developed conceptual plans for 15+ unit, muiti-bedroom, mixed-use building. Plans calls for the majority of units to have Monterey Bay ocean views.
The opportunity for this land stands to explode upon the approval and completion of the pending Sand City Desalination Plant. Local architect Eric Miller has developed conceptual plans for 15+ unit, muiti-bedroom, mixed-use building. Plans calls for the majority of units to have Monterey Bay ocean views.
Northern View from building
Current views from the roof are at approximately 30 ft. high. Development plans call for height of 60 ft. making views even more extraordinary and further enhancing the final value of this development.
Current views from the roof are at approximately 30 ft. high. Development plans call for height of 60 ft. making views even more extraordinary and further enhancing the final value of this development.
Southern View
Great view of Monterey Peninsula - Sunny by day with sparkling lights by night
Great view of Monterey Peninsula - Sunny by day with sparkling lights by night
Eastern Views
Complete view of Sand City and Seaside to the Santa Lucia mountians
Complete view of Sand City and Seaside to the Santa Lucia mountians
Western Views
Beautiful Pacific Ocean views from roof of current building. Conceptual plans call for 2x height making already great views even more spectacular.
Beautiful Pacific Ocean views from roof of current building. Conceptual plans call for 2x height making already great views even more spectacular.
Design Center Monterey Bay
Building in the area is extraordinary. Just blocks away is the 83,000 square-foot structure, designed by Saroyan Masterbuilder. It stands four stories tall and is visible from most vantage points around the Monterey Bay.
Building in the area is extraordinary. Just blocks away is the 83,000 square-foot structure, designed by Saroyan Masterbuilder. It stands four stories tall and is visible from most vantage points around the Monterey Bay.
Opening Fall 2007
First floor retail showrooms will showcase products such as exquisite hardware, unique lighting fixtures, fine doors, windows, and cabinets, and artisan, one-of-a-kind items. Also on the first floor will be a gourmet deli and coffee bar. The second floor will have smaller showrooms for fabrics, fine art, and window coverings, as well as offices for design and building professionals. And, in line with Sand City’s “live-work” Movement, Design Center Monterey Peninsula will reserve two upper floors for condominiums and apartments.
First floor retail showrooms will showcase products such as exquisite hardware, unique lighting fixtures, fine doors, windows, and cabinets, and artisan, one-of-a-kind items. Also on the first floor will be a gourmet deli and coffee bar. The second floor will have smaller showrooms for fabrics, fine art, and window coverings, as well as offices for design and building professionals. And, in line with Sand City’s “live-work” Movement, Design Center Monterey Peninsula will reserve two upper floors for condominiums and apartments.
Other Beautiful Developments Completed
It is still early in many ways, but there are some great examples of beautful and successful developments already completed in the area. There are several more in the works.
It is still early in many ways, but there are some great examples of beautful and successful developments already completed in the area. There are several more in the works.
Retail, live work, commercial
There is a great mix of development underway. The combination of activity sets up this Sand City Development project perfectly.
There is a great mix of development underway. The combination of activity sets up this Sand City Development project perfectly.
New Restaurants Opening
New restaurants and entertainment activities are opening up at an accelerated level. This is a great sign for things to come in the next few years.
New restaurants and entertainment activities are opening up at an accelerated level. This is a great sign for things to come in the next few years.
Amazing investment opportunity with conceptual plans in burgeoning "West End" section of Sand City. 13,200 s/f commercial building on over 26,000 s/f lot covering 2 major corners in town.
Property Highlights
- 26,250 s/f parcel covering 3 streets in high growth district
- 800 s/f office space with room for growth
- 13,200 total s/f
- Conceptual plans for 5 story mixed-use, 15 unit building
- 12,400 s/f of warehouse space
- Ceilings over 20 ft high
Property Description
This project is located in the dynamic "West End" area of rapidly growing Sand City. This area has become well known for its live/work, urban environment focus and has become a major center for the art and design community. Currently, nearing completion just a few blocks away is Design Center Monterey Peninsula "http://www.designcenter-mp.com" which will be major marketplace for the building trades and the Public. It will showcase high-end design products, upscale building materials and professional services.(see links at top of page) This development and several others are igniting the rapid growth in this centrally located costal community. This project is currently, sitting on a 26,250 s/f parcel comprised of three separate structures totaling 13,200 s/f. The buildings are in various stages of lease, all with flexible terms. Conceptual plans have been created by local renowned architect, Eric Miller, for a stunning 5 story mixed-use, 15 + unit building featuring contemporary loft units with Monterey Bay and coastline views. When approved and completed, this structure will become the West End's focal point with millions of visitors to The Monterey Peninsula admiring as they pass by along Highway one. The project was designed in two phases to take advantage of the existing 92 fixture units of water with the balance of the project to complete once Sand City's desalination plant comes on line in 2008. This is a very rare opportunity to control a substantial part of this dynamic area, with leased investment cash flow until final approvals are in place.For Sale
$2,950,000
Parcel Size:
26,250 s/f
Warehouse Space:
12,400 s/f
Office Space:
800 s/f
Income Opportunity:
Existing cash flow - flexible leases
Location:
Heart of "West End" area of Sand City
Beach:
Just blocks to beach
Conceptual Plan:
Redevelop into major mixed-use bldg
Development Opportunity:
15+ Units and major ocean views
Mixed Use includes:
ground floor commercial
