Prime Retail + Private Residence in the Back

14529 Big Basin Way Saratoga, CA 95070

14529 Big Basin Way, Saratoga, CA, 95070
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FOR SALE
Property Type:
Street Retail
Amount:
$2,950,000
Last Verified:
Oct 11, 2024

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Highlights

  • Prime Location in Downtown Saratoga in Affluent Community
  • ±2,246 Square Foot Mixed-Use Building
  • Spacious ±620 Square Foot Studio Residence in the Back
  • Versatile Uses for Main Commercial Component
  • Meticulously Maintained Premises

Description

Introducing an enticing opportunity for commercial investors: a ±2,246 SF building, constructed in 1953, and zoned Commercial-Historic 1, featuring an additional ±620 SF studio residence at the rear. This thoughtfully designed studio offers a private entrance, a spacious kitchen, in-unit washer/dryer, and a clever layout that separates the living and bedroom areas with a stylish half-wall partition.

Nestled in the highly desirable Saratoga area, this property presents an ideal canvas for realizing retail visions in a prime commercial location. The timeless architecture and versatile space of the building, along with the added studio residence, provide a solid foundation for creating an exceptional retail environment. With its coveted location and proximity to a discerning customer base, this property is well-positioned to elevate retail ventures and capture the attention of an affluent clientele, making it a compelling prospect investors looking to make an impact in a thriving commercial hub.

Nestled in the heart of Saratoga, CA, this prime commercial real estate location offers a unique opportunity for investment. The area's affluent community, with a strong focus on luxury retail and high-end services, creates a lucrative environment for retail and street retail businesses. With a vibrant downtown scene and a high concentration of discerning customers, the property's location presents a compelling prospect for businesses seeking to capitalize on the area's affluence and appeal. The strong demand for premium retail experiences and the area's reputation as a shopping destination make this an attractive investment for those looking to establish a presence in a thriving commercial hub.


Year Built: 1953
Building Size: 2246sq ft
Building Class: C
Lot Size: 0.09 acres

Map of 14529 Big Basin Way, Saratoga, CA, 95070

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.