14 E Lake Ave - Storefront FOR SALE


Watsonville, CA 95076
$695,000 USD
831-818-0181
14 E Lake Ave, Watsonville, CA for Sale
$695,000 USD
Storefront - FOR SALE
1/43
null | 6.67% Cap Rate

14 E Lake Ave
Watsonville, CA 95076


OVERVIEW

Great opportunity for either an investor or owner/operator here: A classic building in the heart of Watsonville’s Central Business District with high vehicle and pedestrian traffic counts, plus convenient access to a public parking lot for customers and employees alike. The owner has invested an estimated $120K-$140K worth of TI’s, repairs, and capital improvements into the building. Since the property is located in the heart of the Downtown District, it falls under the Downtown Watsonville Specific Plan, which encourages compact development near transit to decrease automobile dependency and provide additional guidance and plans to increase multimodal access to and from the historic Downtown area. Under a short-range plan, you can repurpose the existing building for a broad range of uses ranging from a coffeehouse to a brewery to retail and offices. Or go big out of the gates with a long-range plan to capitalize on the new density bonus programs and go vertical for a mixed-use development with commercial use at street level and up to 5 stories of residential units above. Possibilities for the future abound!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

CCA

APN/PARCEL ID

017-022-47-000

ASK ABOUT THIS PROPERTY

Datta KhalsaMain Street RealtorsMore Info
831-818-0181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Datta KhalsaMain Street RealtorsMore Info
831-818-0181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.