MLS#ML82049484
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Sherman & Boone Realtors
Agency Phone: 831-464-5050
Associate Name: Erik Barbic
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle. The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental. Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: WallFurnace
Lot Size: 0.10 Acres
Roof Type: Composition
Taxes: $30,000
Year Built: 1947
Feature Descriptions
Parcel#: 03516328000
Water: Public
Local Schools
High School: Soquel
Middle School: Other
Elementary School: Other
School District: Other
Listed By / Shown By
Listed By
Agency Name: Sherman & Boone Realtors
Agent Name: Erik Barbic
Agency Phone: 831-464-5050
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
208 Terrace Way | MLS# ML82049484
This commercial property located at 208 Terrace Way, Capitola, CA 95010 is currently listed for sale with an asking price of $2,749,000. Terrace Way is located within the Other school district. Search Capitola real estate on www.farrellsmyth.com today.