830 Bay Avenue is a fully occupied Spanish Revival office building built in 1973, featuring 7 suites (some combined), totaling approx. 6, 180 SF. Each suite has separate gas and electric meters, with a shared water meter. Improvements include roof, deck, and structural work in 2018, and a parking lot slurry seal in 2015. The 24, 960 SF parcel is zoned Community Commercial and includes 34 parking spaces, with 13 above code requirements suggest potential for further development or a lot split with added potential for use as storage yard Located near a gas station, hotel, office buildings, and a neighborhood shopping center, just a mile from Capitola Village. All tenants are on short-term gross leases. Summary GSI provided on MLS is based on Pro Forma market rents. With detailed breakdown of Pro Formas vs Existing Rent Roll and square footage breakdowns available in detailed Offering Memorandum.
