Corner Automotive Service
753 E Lake Ave Watsonville, CA 95076
753 E Lake Ave, Watsonville, CA, 95076
$1,350,000
For Sale
$1,350,000
Freestanding corner property with roll-up doors, office/storage areas, and on-site parking on a CN-zoned flat lot.
Property Size1,117 SF
Lot Size0.39 Acres
Price / SF$1,208
Days on Market35
Property Features for 753 E Lake Ave
General Information
- Standard status
- Active
- Size
- 1,117 SF
- Lot size
- 0.39 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1963
Listing agency
BCRE
(510) 222-0900
Listed by
Edder Barcenas-Cortez
Source
Xome
Added: Jun 17 Updated: Jul 21 at 6:51AM Checked: Jul 21 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BCRE
Investment Insights
Based on property information with market context.
Freestanding commercial building configured for automotive and tire service, including roll-up doors plus office/storage areas. The site sits on a flat corner lot with abundant on-site parking, providing practical on-grade access for service operations. The property’s existing automotive layout supports related vehicle-focused uses, and buyers are encouraged to verify permitted uses with the City of Watsonville.
The property is positioned on East Lake Avenue with high visibility and frontage, offering strong exposure for neighborhood-serving commercial activity. It is zoned CN – Neighborhood Commercial, which may support a range of retail, restaurant, office, medical, convenience market, and service-oriented businesses.
For investors, owner-users, or redevelopment planners, the combination of an automotive-ready building and a sizable corner parcel on a busy thoroughfare creates a flexible foundation for next steps, subject to applicable approvals.
The property is positioned on East Lake Avenue with high visibility and frontage, offering strong exposure for neighborhood-serving commercial activity. It is zoned CN – Neighborhood Commercial, which may support a range of retail, restaurant, office, medical, convenience market, and service-oriented businesses.
For investors, owner-users, or redevelopment planners, the combination of an automotive-ready building and a sizable corner parcel on a busy thoroughfare creates a flexible foundation for next steps, subject to applicable approvals.
Key Highlights
- Freestanding commercial building on a corner lot with approximately 1,117 SF and approximately 17,163 SF of land
- Zoned CN – Neighborhood Commercial in Watsonville, supporting neighborhood‑serving commercial uses (buyer to verify permitted uses)
- Configured for automotive/tire service use with roll‑up doors, office/storage areas, and abundant on‑site parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.0k | $60.00 |
| − Vacancy | −$3.1k | −$2.82 |
| EGI | $63.9k | $57.18 |
| − OpEx | −$19.2k | −$17.15 |
| NOI | $44.7k | $40.03 |
1,117 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$638.7K
$558.9K – $745.2K
NOI $44,709 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$319.4K
$279.4K – $372.6K
NOI $22,355 @ 7.0% cap · market cap 1.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Speed of Light Towing & Recovery, Inc — 637 Main St, Watsonville, CA 95076
- Easy Tune-Up — 469 Union St, Watsonville, CA 95076
- Autotech Auto Body — 18 E Lake Ave Ste 101, Watsonville, CA 95076
- Beach TowTruck Service — 103 E Beach St, Watsonville, CA 95076
- A Speed of Light Towing Inc — 637 Main St, Watsonville, CA 95076
FAQs
What type of property is this?
Auto shop - Freestanding corner property with roll-up doors, office/storage areas, and on-site parking on a CN-zoned flat lot.
Where is this auto shop located?
The property is located at 753 E Lake Ave Watsonville, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freestanding commercial building on a corner lot with approximately 1,117 SF and approximately 17,163 SF of land; Zoned CN – Neighborhood Commercial in Watsonville, supporting neighborhood‑serving commercial uses (buyer to verify permitted uses); Configured for automotive/tire service use with roll‑up doors, office/storage areas, and abundant on‑site parking
