251255 Lake Ave Watsonville, CA 95076

Property Details for 251255 Lake Ave

Year built

1957

Lot size

0.42 lot acres

Property size

6,264 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Watsonville

County

Santa Cruz

State

California

Longitude

-121.728

Latitude

36.9561