Commercial Property Snapshot
By MC Dwyer
Commercial real estate is heating up along with seasonally rising spring temperatures.
In Felton, an iconic downtown ½+ acre parcel featuring +/- 7,000 square feet of mixed use residential and retail buildings at 6245 Highway 9 just listed for $1,995,000.
Boulder Creek
Curious about the mixed use commercial / residential project still under construction along Highway 9, near the south entrance of Boulder Creek? Reliable sources say the property at 130 Grove Street is mired in County complexities, delaying the project’s completion and sale. Meanwhile, the new owner of the burned shell that used to house Boulder Creek Brewery, Joseph Wolff, musician and craft beer lover, is investing his energy into cleanup and re-engineering and is meeting with potential beer brewing partners. Taqueria Los Amigos, the restaurant business in Boulder Creek, is in escrow. Still available for sale in Boulder Creek are Scopazzi’s restaurant – buildings and business – asking price $3.5 million. The site of the former Mountain Store, including a residence, is listed for $995,000. And the medical / office building at 13550 Big Basin Way is being offered at $735,000 and features a long term tenant.
Scotts Valley
A commercial duplex featuring Ferrell’s Donuts at 5272 Scotts Valley Drive sold in a remarkable 10 days for $1.1 million. The building at 5000 Scotts Valley Drive went into escrow within 18 days (asking price $1,249,000). This property with nearly 5,000 square feet of mixed use space is occupied by four tenants.
Please remember that commercial property tenants shouldn’t be disturbed by the public – always consult a realtor for details, please!
“M.C.” (MaryCatherine) Dwyer, MBA, REALTOR®
CA DRE License 01468388
EXP Realty of California, Inc.
Serving San Lorenzo Valley and Scotts Valley since 2005
(831) 419-9759 E-mail: mcd@mcdwyer.com Website: https://mcdwyer.exprealty.com
Sources: MLSListings.com Commercial and Single Family Homes data, Mortgage Bankers Association, California Association of REALTORs, Reuters, CoreLogic, REALTOR.com, Mercury News, through press deadline April 20th 2022.
The statements and opinions contained in this article are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.
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