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Property profile & analytics
OFF-MARKET
Commercial real estate

251255 Lake Ave Watsonville, CA 95076

6,264 SF 0.42 ac lot Built 1957
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1957
Total area 6,264 SF
Lot 0.42 ac (18,295 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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