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10275 Merritt St 0.29 Acres of Commercial Land Offered at $820,620 CAD in Castroville, CA 95012

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Investment Highlights

Prime location at Entrance to Castroville Corridor - Draw traffic from Highway 1 travellers and commuters
Prior Development plans validate readiness of this lot for Development
Blank Slate - No old building to remove or remodel, No prior gas tanks to remediate, Good solid flat land with utilities

Income producing vacant land - Income while you prepare your development project
Get in now at Value pricing - Transportation projects underway - Increased customer base and profit potential

Executive Summary

Nestled in the heart of Castroville, known as the 'Artichoke Center of the World,' this corner commercial lot in the Merritt St Corridor Opportunity Area offers a rare and highly visible location with excellent accessibility. Zoned for mixed-use, the property features three-sided driveway access and established utilities, providing an ideal foundation for transformative mixed-use projects. Boundless possibilities. Strategically positioned as the first commercial location along the route to Highway 156—soon to undergo a lane expansion—and the upcoming Castroville Multimodal Station, a vital transit hub connecting to Silicon Valley, the site benefits from exceptional exposure to thousands of daily commuters. Currently generating consistent income from billboards and a food truck lease, it delivers immediate returns while offering tremendous growth potential. With its prime location connecting Monterey, Silicon Valley, and the Bay Area, this property represents a unique opportunity to shape the future of Castroville’s dynamic growth.

BROCHURE- 10275 Merritt St_7MB

Mixed-Use_CASTROVILLE_COMMUNITY_PLAN

10275 Merrit St - Survey-Map LFR0860 Site 2

Financial Summary (Actual - 2024) Click Here to Access	Annual (CAD)	Annual Per AC (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per AC	$9.99

Other Income (CAD)
Annual	-
Annual Per AC	-

Vacancy Loss (CAD)
Annual	-
Annual Per AC	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per AC	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per AC	-

Property Facts

Price	$820,620 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Build to Suit	Proposed Use	Commercial Retail Office Mixed Use Fast Food General Freestanding Hold For Development Hold For Investment Restaurant Storefront Storefront, Retail or Office Storefront, Retail or Residential
No. Lots	1	Total Lot Size	0.29 AC
Zoning	Mixed Use - Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County

Price	$820,620 CAD
Sale Type	Investment
Sale Condition	Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Mixed Use Fast Food General Freestanding Hold For Development Hold For Investment Restaurant Storefront Storefront, Retail or Office Storefront, Retail or Residential
Total Lot Size	0.29 AC
Zoning	Mixed Use - Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County

1 Lot Available

Lot

Price	$820,620 CAD	Lot Size	0.29 AC
Price Per AC	$2,803,180.88 CAD

Price	$820,620 CAD
Price Per AC	$2,803,180.88 CAD
Lot Size	0.29 AC

Zoned Mixed Use in the Castroville Community Plan redevelopment area of Monterey County, this lot is level with utilities at the street. Survey size: 12, 752 sq ft. Previously part of an approved development project. Ask for prior reports.

Description

Incredible opportunity to purchase a prime location in an area poised to increase in value with transportation projects and area redevelopment in progress. Previously part of an approved project, much of the groundwork to level the land, bring utilities to the lot, and geologic and environmental reports was done. A new project may require new reports, however, prior reports demonstrate the viability of this land. Located at the entrance to Castroville from the Highway 1 route connecting the Monterey Peninsula to Santa Cruz and San Jose, this location would be an easy stop off for travelers and commuters. Great opportunity to build a food/beverage franchise with apartments above and secure two steady income streams. Pay property tax holding costs plus extra income via billboard and taco truck leases. Seller will 1031 exchange this property, Buyer to participate, no cost to them. Priced for quick sale. Be one of the first to inquire.