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Listed by Mark Burnes • Burnes Commercial Group
$875,000
Est. payment /mo
3,232 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,232 sqft
Price per Sqft $270
MLS Listing ID CRPI25060830
HOA Y/N No
Lot Size 10,075 Sqft
Property Sub-Type Retail
Source Datashare California Regional
Property Description
This place is as cool as cool gets—think Norman Rockwell—the ultimate early-mid-20th-century rural Central California small town. Two parcels are offered: one 6432 sf commercial parcel with a 2488 sf commercial building and the adjoining 3643 sf residential parcel with a 744 sf 2bd/1ba house and the long-established business Miller's Market, which comes with an on-site/off-site beer and wine license. The current owners have lived in the home and operated this business for 37 years. They are retiring to move back east with their son, whom they raised and put through medical school with this business. (They bought the business and properties from the Millers, who ran it for 30 years prior—so this is a business that is nearly 70 years old.) This is the ultimate family business and compound. There is a solid upside as well: a lunch counter and outside seating are not being utilized. A vacant commercial space next to the market could either be leased out or utilized to expand the business further. Also, the current owners do not use any form of electronic payment - adding such could further increase the $110k cash-only NOI.
Location
State CA
County Monterey
Interior
Fireplace No
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