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14 E Lake Avenue

Watsonville, CA 95076
  • $875,000
  • STATUS: Active Under Contract
  • ON SITE: 304 Days
  • ID#: ML81939398
Under Contract
$875,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Datta Khalsa of Main Street Realtors (831-462-4000)


Description

A classic building in the heart of Watsonvilles Central Business District. High vehicle and pedestrian traffic counts, convenient access to a public parking lots. Current Owner has invested an estimated $120K-$140K worth of TIs, 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 increasing 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/142676103
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14 E Lake Avenue Watsonville, CA 95076

  • Price: $875,000
  • Status: Active Under Contract
  • On Site: 304 Days
  • ID#: ML81939398
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1948
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
Property Description
A classic building in the heart of Watsonvilles Central Business District. High vehicle and pedestrian traffic counts, convenient access to a public parking lots. Current Owner has invested an estimated $120K-$140K worth of TIs, 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 increasing 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.
Exterior Features

Parking Total 0 Roof Barrel

Interior Features

Cooling None Cooling YN Yes Heating YN Yes

Property Features

Association Fee 0 Business Type CommercialIndustrialRetailWarehouse Gross Scheduled Income 58800 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 2400 Other Expense 0 Tax Annual Amount 9375 Trash Expense 0 Utilities Natural Gas Available Zoning CCA



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-22T00:30:40.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Datta Khalsa of Main Street Realtors (831-462-4000)