This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
14 E Lake Ave
4,200 SF Retail Building Watsonville, CA 95076 £611,475 (£146/SF) 5.98% Net Initial Yield
Executive Summary
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!
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property can be delivered either vacant or Seller will lease it back at a Fair Market rate of $1.00 per Square Foot Gross month with a 2 year term, with a 4-year option to renew. The owner has invested an estimated $120K-$140K worth of TI’s, repairs, and capital improvements into the building. Repairs and capital improvements are included, as well as business assets (Furnishings, Trade Fixtures, and Equipment).
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,200 SF | Retail | - | Now |
1st Floor
| Size |
| 4,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 4,200 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Property can be delivered either vacant or Seller will lease it back at a Fair Market rate of $1.00 per Square Foot Gross month with a 2 year term, with a 4-year option to renew. The owner has invested an estimated $120K-$140K worth of TI’s, repairs, and capital improvements into the building. Repairs and capital improvements are included, as well as business assets (Furnishings, Trade Fixtures, and Equipment).
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 017-022-47-000 | Improvements Assessment | £130,458 |
| Land Assessment | £214,626 | Total Assessment | £345,084 |
PROPERTY TAXES
-
Datta Khalsa -
Main Street Realtors
Presented by
14 E Lake Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.