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1602 Miramontes Point Road - Alves
2.61 Acres of Commercial Land Offered at $6,429,644 CAD in Half Moon Bay, CA 94019
Investment Highlights
- High Visibility. South Gateway to Half Moon Bay, Good access.
- Estimated 40-50,000 daily traffic.
Executive Summary
Southern Gateway to Half Moon Bay. Access from both Cabrillo Hwy and Miramontes Point Road. Highly visible location and estimated 40 - 50,000 vehicles pass it per day. Being sold w/ 1602 Miramontes Point Rd with an approximate total of 2.61 acres (113,691 sq ft mol). One price for both. Ideal business location zoned Commercial General. There are numerous business opportunities. The existing building was known as the Alves Dairy. A small portion of the property is currently being used as storage space and a large portion is used for parking. Currently occupied by three tenants. Building permits and development is regulated by the City of Half Moon Bay.
Private: Two adjacent listings being sold together (1 price), listed separately referencing the other. The total area is 113391 sq ft mol (2.61 acres mol). Note that the taxes are different on both parcels and need to be considered together to get combined evaluation of the properties.General maintenance and management cost vary like portions of insurance and management. There are 3 existing leases, two for storage and one for parking. There is a 5/8 in CCWD connection and PG&E. Not connected to the public sewer system and septic system not used. Original Alves Dairy Building was built with a permit in 1962. Basic building 3,042 sq ft.+- Appointment needed to show the storage area. Multiple owners out of the area. Disclosures available in two phases. Owners require property is on the market for a period of time before considering any offer. An offer protocol will be available to clarify terms and conditions that will need to be considered with an offer. Please contact me with any questions.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $6,429,644 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 2.61 AC |
| Price | $6,429,644 CAD |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.61 AC |
1 Lot Available
Lot
| Price | $6,429,644 CAD | Lot Size | 2.61 AC |
| Price Per AC | $2,463,465 CAD |
| Price | $6,429,644 CAD |
| Price Per AC | $2,463,465 CAD |
| Lot Size | 2.61 AC |
Corner of Hwy 1 and Miramontes Pt. Rd. South end of Half Moon Bay, access on both Miramontes Pt Rd. and Cabrillo Hwy. Mostly level approximately 60% of property is paved for parking. Hwy 1 facing, horseshoe driveway to old dairy building.
Description
Southern Gateway to Half Moon Bay. Access from both Cabrillo Hwy and Miramontes Point Road. Highly visible location and estimated 40 - 50,000 vehicles pass it per day. Being sold w/ 1602 Miramontes Point Rd with an approximate total of 2.61 acres (113,691 sq ft mol). One price for both. Ideal business location zoned Commercial General. There are numerous business opportunities. The existing building was known as the Alves Dairy. A small portion of the property is currently being used as storage space and a large portion is used for parking. Currently occupied by three tenants. Building permits and development is regulated by the City of Half Moon Bay. Private: Two adjacent listings being sold together (1 price), listed separately referencing the other. The total area is 113391 sq ft mol (2.61 acres mol).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $182,604 CAD (2024) | |
| Land Assessment | $7,790,494 CAD (2024) | Total Assessment | $7,973,099 CAD (2024) |
PROPERTY TAXES
zoning
| Zoning Code | C-G (Commercial-General. In the city of Half Moon Bay.) |
| C-G (Commercial-General. In the city of Half Moon Bay.) |
-
David Cline -
David Cline
Presented by
1602 Miramontes Point Road - Alves
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