14 E Lake Ave - Storefront FOR SALE


Watsonville, CA 95076
$699,000 USD
831-818-0181
14 E Lake Ave, Watsonville, CA for Sale
$699,000 USD
Storefront - FOR SALE
1/56
null | 5.3% Cap Rate

14 E Lake Ave
Watsonville, CA 95076


HIGHLIGHTS

  • Located in the heart of Watsonville’s Central Business District, offering strong visibility and accessibility.
  • Positioned along East Lake Avenue with high pedestrian and vehicle traffic counts for maximum exposure.
  • Convenient access to nearby public parking lots for customer and employee use.
  • Recently improved with an estimated $120,000–$140,000 in tenant improvements, repairs, and capital upgrades.
  • Flexible floor plan suitable for a wide variety of uses, including retail, office, or hospitality concepts like a coffeehouse or brewery.
  • Long-term development potential with new density bonus allowing for mixed-use projects, including up to 5 stories of residential above commercial unit

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. 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 space. 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

$699,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

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

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Datta KhalsaMain Street RealtorsMore Info
831-818-0181

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