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$875,000
4,200 Sqft
4,225 Sqft lot

14 E Lake Avenue, Watsonville, California 95076

  • Commercial Sale Property Type
  • 13 Days Time on market
  • $208 Price per sqft
  • 1948 Year Built
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.

Basic Details
Commercial Sale
Buy
ML81939398
$875,000
4,200 Sqft
1948
4,225 Sqft
Activeundercontract
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Condos/Co-ops
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Features
0
$0
: Barrel
Address
CA
Santa Cruz
Watsonville
95076
14 E Lake Avenue
14
Avenue
0
W122° 14' 31''
N36° 54' 42.2''
E
Additional Information
13
1
0
1
4,200 Sqft
0 Sqft
0 Sqft
: Other
0.10 Sqft
4,225 Sqft
0 Sqft
CCA
01702247000
$9,375
$0
$0
$2,400
$0
$0
0 Sqft
0 Sqft
$0
1
22/08/2023
06/05/2024 00:00:00
$799,000
Prime Downtown Commercial District Location, at Main St and East Lake Cross Street: Main Street
Destrahan
Harry Hurst
Main Street Realtors
Datta Khalsa
ML35240
ML153338
$0
1
: Natural Gas Available
1
US-06087-N-01702247000-R-N
06/05/2024 21:55:42
Lake
699 - Not Defined
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