14 Lake Ave Watsonville, CA 95076

This exceptional 4,200 square foot commercial building is situated in the heart of Watsonville's Central Business District at 14 Lake Avenue. Boasting a highly desirable location with excellent visibility and convenient access to public parking, this property benefits from significant pedestrian and vehicular traffic. The current owner has recently invested between $120,000 and $140,000 in tenant improvements, repairs, and capital improvements, ensuring the building is in excellent condition and ready for immediate occupancy. The property's central location places it within the Downtown Watsonville Specific Plan, a development initiative promoting compact, transit-oriented growth and reducing reliance on automobiles. This plan provides clear guidelines for development, facilitating a range of potential uses. Short-term plans could easily adapt the existing structure for various businesses, from a coffee shop or brewery to retail or office spaces. Alternatively, long-term development strategies could leverage new density bonus programs to create a mixed-use development. This exciting opportunity allows for the construction of a building up to five stories high, incorporating commercial space at street level and residential units above, maximizing the property's potential and capitalizing on the vibrant downtown area. The property sits on a 0.1-acre lot. The asking price is $695,000.