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    14 Lake Ave Watsonville, CA 95076

    Sponsored
    For Sale
    $775,000

    Classic Downtown Watsonville Retail Space

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 4,200 sq ft vacant storefront in Watsonville, CA (95076), offers a compelling investment opportunity. Located at 14 E Lake Ave, this Class C building, constructed in 1948, boasts high visibility and pedestrian traffic in the Central Business District. The asking price is $775,000, representing a $184.52/sq ft cost and a 5.30% cap rate. The property is zoned CCA and benefits from recent tenant improvements (TI) and capital improvements estimated at $120,000-$140,000. Currently vacant, this single-unit building presents a blank canvas for a variety of businesses, from retail and offices to a coffeehouse or brewery. The Downtown Watsonville Specific Plan encourages compact development and offers potential for future expansion, including mixed-use development with up to five stories of residential units above the commercial space. Convenient access to a public parking lot enhances the property's appeal. This is a rare chance to acquire a well-located, adaptable property in a thriving downtown area. The gross lease type simplifies management.

    Property Features for 14 Lake Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,200 SF
    Class
    C

    Building Details

    Year Built
    1948
    Buildings
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Watsonville ADU Home Improvement Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.7576801
    Latitude
    36.9118236

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    FAQs

    What type of property is this?
    Individual retail property - Classic Downtown Watsonville Retail Space
    Where is this individual retail property located?
    The property is located at 14 Lake Ave Watsonville, CA.
    What is the asking price?
    The asking price for this property is $775,000.
    Request Owner's contact information
    14 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
    14 Lake Ave Watsonville, CA 95076
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