The history of the Coggeshall Mansion is interesting, to say the least. The house was originally built for Mary G. Coggeshall, a wealthy widow with two children. According to Alastair Dallas, "Once a grand home, one of many along N. Santa Cruz Ave., the Coggeshall Mansion was built in 1891 and converted into the Place Mortuary in 1917. When it re-opened as the Chart House restaurant in 1976, the bar in the back was called the Embalming Room. After the Chart House closed, the restaurant was known as Trevese from March 2007 to Fall 2009..." Now, Palacio inhabits the mansion.
Hooked on Los Gatos has a 1949 flyer depicting the Place Funeral Home. You can check it out HERE. In fact, many of the locals swear the mansion is haunted.
All of the following information can be found on LoopNet:
Pride of Ownership Retail Investment | Los Gatos
115 N. Santa Cruz Avenue, Los Gatos, CA 95030
- Price: $4,900,000
- Building Size: 7,300 SF
- Price/SF: $671.23
- Property Type: Retail
- Property Sub-type: Free Standing Bldg
- Property Use Type: Net Lease Investment with 10+ years left on lease
- Cap Rate: 5.14%
- Occupancy: 100%
- Tenancy: Single
- Lot Size: 0.41 AC
- Find Out More...
Last Verified 4/10/2012 Listing ID 17515215
- Iconic Historic Building - One of Los Gatos' Most Well Known Landmarks
- Irreplaceable Downtown Los Gatos Location
- 100% Leased to Experienced Restaurant Operators
- New 10 year Lease w/Scheduled Increases
- Minimal Landlord Obligations
- Recent Extensive Renovations
DescriptionThe property, 100% occupied by the modern Mexican/Latin restaurant Palacio, is located in the historic Coggeshall Mansion at 115 N. Santa Cruz Avenue in Los Gatos, CA. Originally built in 1891, the property has undergone extensive renovation in the past 12 months. Once the home of the Chart House and Trevese restaurants, the Victorian mansion turned-restaurant is one of the town' s most well-known landmarks. The three story, approximate 7,300 square foot building sits on almost 18,000 square feet of land in the heart of downtown Los Gatos. This irreplaceable location boasts high foot traffic from some of the wealthiest residents in the Bay Area with average household incomes close to $200,000.
The Property is located in the heart of the downtown Los Gatos shopping district on North Santa Cruz Avenue. The trade area is comprised primarily of high end residential and retail uses. This irreplaceable location boasts high foot traffic from some of the wealthiest residents in the Bay Area with average household incomes close to $200,000.
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