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    251255 Lake Ave Watsonville, CA 95076

    For Sale
    $1,750,000

    Two parcels, high-traffic location, strong tenant base.

    Property size:
    6,264 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial investment opportunity encompasses two parcels totaling 0.42 acres at 251255 Lake Avenue in Watsonville, CA. The first parcel features a substantial 6,264 square foot main building currently configured as a multi-room counseling center, plus two additional separate offices. The second parcel comprises seven independently operating retail stores of varying sizes, each currently occupied by established businesses. The two parcels share a convenient 20-space parking lot, enhancing the overall appeal and functionality of the property. The location is highly visible and benefits from significant foot and vehicular traffic, indicating a strong potential for continued success. Many tenants have enjoyed long-term occupancy, with a mix of leased and month-to-month agreements currently in place. The property's size and zoning, according to the City of Watsonville, may allow for future multi-story development, subject to necessary approvals and permits. A rear alley provides convenient access for loading and egress. Prospective buyers are advised to independently verify all zoning regulations and development possibilities with the relevant city departments before making any purchase decisions. The asking price for this combined property is $1,750,000.

    Property Features for 251255 Lake Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,264 SF
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1957
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Skin Care Clinic Hotel & Motel Department Store Daycare Center Grocery Store Food Market Discount Store Garden Center Shopping Mall

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.7275
    Latitude
    36.95612

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    FAQs

    What type of property is this?
    Commercial real estate - Two parcels, high-traffic location, strong tenant base.
    Where is this commercial real estate located?
    The property is located at 251255 Lake Ave Watsonville, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    Request Owner's contact information
    251255 Lake Ave Watsonville, CA 95076
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    Watsonville, CA 95076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251255 Lake Ave Watsonville, CA 95076
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