14 E Lake Avenue Active

Watsonville,CA 95076

$ 775000

- Bed

- Bath

4200 SqFt


Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $184

MLS Listing ID ML81939398

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1948

Lot Size 4,225 Sqft

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.

Location

State CA

County Santa Cruz

Interior

Flooring Concrete,Other

Fireplace No

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