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The Colonial Building 501 N Santa Cruz Ave 4,065 SF 94% Leased Retail Building Los Gatos, CA 95030 $4,762,277 CAD ($1,171.53 CAD/SF) 5.36% Cap Rate
Investment Highlights
- Highly visible corner property positioned at a major Los Gatos intersection, offering exceptional exposure and steady traffic flow
- Flexible C-2 zoning that accommodates a wide range of retail and office uses, creating strong long-term adaptability for future tenancy
- Established multi-tenant asset in a high-income Silicon Valley community with exceptional demographics and strong daytime population
- Rare on-site parking lot that enhances customer convenience and supports tenant operations in a walkable downtown environment
- Recently improved exterior with upgraded paving, new paint, refreshed signage, and interior tenant enhancements supporting ongoing stabilization
- Stabilized investment with 95 percent occupancy and immediate income generation
Executive Summary
One of a kind multi-tenant mixed use leased investment property in downtown Los Gatos. Current owners have invested in a recent facelift to the exterior as well as undergone a tenant re-leasing and stabilization effort. Limited vacancy provides for some investment upside and also owner-user opportunity. Please call for additional information.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,065 SF
Building Class
C
Year Built
1964
Price
$4,762,277 CAD
Price Per SF
$1,171.53 CAD
Cap Rate
5.36%
NOI
$255,368 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.19 AC
Zoning
C-2 - ZONING ALLOWS MOST USES AUTOMATICALLY OR WITH A CUP. CENTRAL BUSINESS DISTRICT.
Parking
9 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Fenced Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Excellent 2nd floor office space with views of the Santa Cruz Mountains. Perfect for small professional office use. Shared restrooms with 3 other suites. On site non-exclusive parking. Walk to all the downtown Los Gatos amenities.
| Space | Size | Space Use | Position | Available |
| B | 225 SF | Office | - | Now |
B
| Size |
| 225 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
B
| Size | 225 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Excellent 2nd floor office space with views of the Santa Cruz Mountains. Perfect for small professional office use. Shared restrooms with 3 other suites. On site non-exclusive parking. Walk to all the downtown Los Gatos amenities.
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 410-15-064 | Improvements Assessment | $1,344,718 CAD |
| Land Assessment | $504,844 CAD | Total Assessment | $1,849,562 CAD |
Property Taxes
Parcel Number
410-15-064
Land Assessment
$504,844 CAD
Improvements Assessment
$1,344,718 CAD
Total Assessment
$1,849,562 CAD
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The Colonial Building | 501 N Santa Cruz Ave
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