Business Summary

This property is conveniently located on Merritt Street in
Castroville, near the Welcome to Castroville sign flanking this
old fashioned main street where most of the commerce and
the post office are located. This small town lies in the heart of
Californias Central Coast farm country in Monterey County,
less than 100 miles from San Francisco and less than three
miles from the Pacific Ocean and public beaches. Castroville
is located along the coast beside Monterey Bay, a short 15-
minute drive to Salinas or the Monterey Peninsula. .
This corner lot with 18 parking places has 100 feet of
frontage on Merritt Street and is approximately 150 feet deep.
The building was built in 1993 specifically to house a
restaurant and is approximately 3200 square feet.
Zoned Light Commercial the property is currently used as a
restaurant that seats 88 diners for lunch or dinner. The
building could easily be converted to a steak house or another
commercial use. A fenced area off the back could be
converted to a patio for outdoor dining. All restaurant
equipment with hood, freezer, walk in refrigerator, etc. and
beer and wine license, is included in sale. The name and
menu are not included in the sale. This is an opportunity to
create your own concept and be your own landlord.
Property has recently been reduced and is offered at
$550,000. A market rate lease on this vacant building would
yield a cap rate between 8 and 9%. Please call for further
details

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