June Commercial Real Estate Update
In Scotts Valley, the ABC Chinese restaurant business for sale in the Mt. Hermon Plaza dropped their price by $100,000 at the end of April: current list price is $99,000. In Felton, a 975 square foot space near Humble Sea Brewing is for lease; the price went up from $2,450 to $2,895 on June 10th after interest was expressed. Boulder Creek has several commercial/business opportunities available: Scopazzi’s Restaurant and buildings are for sale for $3.5 million, the former location of the Mountain Store and a residence are for sale for $995,000, and a medical office building with long term tenants is for sale for $735,000. Still in escrow pending sale is Taqueria Los Amigos – the business only.
There were no closed commercial real estate sales in either Scotts Valley or the San Lorenzo Valley during May, but the 5,000 +/- square foot building at 5000 Scotts Valley Drive sold at the end of April for $1,350,000; asking price was $1,249,000.
“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
Source: MLSListings.com Commercial data through June 14th, 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.
Featured photo of Scoppazi’s Restaurant by M.C. Dwyer
