Excellent investment opportunity to own a piece of the world-famous Giant Artichoke building in historic Castroville! The 6694 sq ft 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 sit on approx. 18,450 sq ft 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!
