Hotel/Commercial Development Opportunity

Posted by Kosmont Companies

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Development Site

Development Opportunity

Size

4.39 acres

Ownership

Publicly Owned

Availability

For Sale

Site Description

Kosmont Realty (“KR”) has been retained by the Successor Agency to the Community Development Agency for the City of King City ("Seller") as the exclusive representative in the sale of an approximately 4.43 acre property located at 1023 Broadway Street in King City (“Property”). The Property offers a unique hotel/commercial retail development opportunity with great visibility and access to the U.S. Highway 101, walkable proximity to retail/restaurants, state-of-the art hospital, community/transit facilities, and other recreational amenities. King City is a business-friendly community and hidden gem located in the picturesque southern Salinas Valley of Monterey County, located between Paso Robles and Salinas. The City serves as a gateway and access point for nearby Pinnacles National Park, Monterey County wine region, a thriving agricultural area, U.S. Army Garrison Fort Hunter Liggett, and an area rich in history made famous by the writings of John Steinbeck.HIGHLIGHTSGood visibility and access to the Property from U.S. Hwy 101Less than a mile from proposed City Multi-Modal Transit Center, San Lorenzo Park, Mee Memorial Hospital, Del Rey Airport, and King City Golf CourseSituated near retail center anchored by Safeway, Rite Aid, Dollar Tree, Auto Zone, and Payless ShoeSourceBroadway Street is a primary road to Pinnacles National Park (Estimated 250,000 annual visitors)Close proximity to world class wineries and 30 minutes from Fort Hunter Liggett, the largest U.S. Army Reserve InstallationLess than 1/2 mile from Salinas Valley Fairgrounds and Annual Salinas Valley Fair (~40,000 attendees in 2017)Clean Phase 1 Assessment (2001)Estimated 70.3% hotel occupancy (Citywide)Est. 2017 Average Daily Traffic at U.S. Hwy 101 and Broadway St.: 32,343Zoning: Highway Service Commercial (H-S)KKING CITY MARKETING AND DUE DILIGENCE: https://www.kosmontrealty.com/property/1023-broadway-st-king-city-for-sale/OFFER DEADLINE : 5:00 p.m. PST on Friday, June 1, 2018

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1023 Broadway St, King City, CA 93930

4.39 acres (191395.2 sqft)
Owner
Details
APN: 026391025000
For Sale
Publicly Owned

Contact Brian Moncrief

Brian, from Kosmont Companies, has more details.

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Created on May 4th, 2018 (last updated 3 months ago)