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The Giant Artichoke Restaurant Redevelopment 11261 Merritt St 3,726 SF Retail Building Castroville, CA 95012 $1,899,000 ($509.66/SF)



Investment Highlights
- Highly visible corner location at the gateway to Castroville
- Existing restaurant infrastructure in place
- Immediate exposure from Highway 156
- Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment
Executive Summary
MOTIVATED SELLER – PRICE REDUCED BY $500,000!
THE GIANT ARTICHOKE – PRIME HIGHWAY COMMERCIAL RESTAURANT OPPORTUNITY -
Rare opportunity to acquire the iconic Giant Artichoke restaurant property located at the primary entry corridor into Castroville, California, immediately visible from Highway 156. Positioned on a highly visible corner parcel with strong traffic exposure, the property offers exceptional potential for restaurant operators, owner-users, franchise concepts, or redevelopment investors.
The property consists of approximately 3,726 square feet plus an approximately 800 square foot enclosed patio situated on an 18,231 square foot commercial lot. The existing operator, a family member of ownership, is retiring and the property will be delivered vacant at closing, creating a unique opportunity for immediate repositioning or redevelopment without tenant complications.
The site benefits from excellent regional traffic flow connecting Highway 101, Monterey County, Santa Cruz County, and the Monterey Peninsula. Castroville’s reputation as a tourism and agricultural destination further enhances the visibility and branding potential of this strategic commercial location.
Property Highlights:
• Highly visible corner location at the gateway to Castroville
• Immediate exposure from Highway 156
• Approximately 18,231 SF commercial parcel
• Approximately 3,726 SF restaurant building
• Approximately 800 SF enclosed patio area
• Existing restaurant infrastructure in place
• Ample parking and strong accessibility
• Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment
• Delivered vacant at close of escrow
• Rare owner-user or investment opportunity in Monterey County corridor
This is a unique opportunity to acquire one of Castroville’s best-known commercial restaurant locations with significant upside potential for repositioning, redevelopment, or continued food service use.
THE GIANT ARTICHOKE – PRIME HIGHWAY COMMERCIAL RESTAURANT OPPORTUNITY -
Rare opportunity to acquire the iconic Giant Artichoke restaurant property located at the primary entry corridor into Castroville, California, immediately visible from Highway 156. Positioned on a highly visible corner parcel with strong traffic exposure, the property offers exceptional potential for restaurant operators, owner-users, franchise concepts, or redevelopment investors.
The property consists of approximately 3,726 square feet plus an approximately 800 square foot enclosed patio situated on an 18,231 square foot commercial lot. The existing operator, a family member of ownership, is retiring and the property will be delivered vacant at closing, creating a unique opportunity for immediate repositioning or redevelopment without tenant complications.
The site benefits from excellent regional traffic flow connecting Highway 101, Monterey County, Santa Cruz County, and the Monterey Peninsula. Castroville’s reputation as a tourism and agricultural destination further enhances the visibility and branding potential of this strategic commercial location.
Property Highlights:
• Highly visible corner location at the gateway to Castroville
• Immediate exposure from Highway 156
• Approximately 18,231 SF commercial parcel
• Approximately 3,726 SF restaurant building
• Approximately 800 SF enclosed patio area
• Existing restaurant infrastructure in place
• Ample parking and strong accessibility
• Ideal for restaurant, quick-service, franchise, drive-thru conversion, or redevelopment
• Delivered vacant at close of escrow
• Rare owner-user or investment opportunity in Monterey County corridor
This is a unique opportunity to acquire one of Castroville’s best-known commercial restaurant locations with significant upside potential for repositioning, redevelopment, or continued food service use.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,726 SF
Building Class
C
Year Built
1973
Price
$1,899,000
Price Per SF
$509.66
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.42 AC
Zoning
CP - Commercial Pedestrian
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 030-184-008-000 | Improvements Assessment | $391,771 |
| Land Assessment | $226,015 | Total Assessment | $617,786 |
Property Taxes
Parcel Number
030-184-008-000
Land Assessment
$226,015
Improvements Assessment
$391,771
Total Assessment
$617,786
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