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2904 Freedom Blvd Watsonville, CA 95076

OFF-MARKET Lifestyle centers Google Maps
250 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional mixed-use property, known as "The 5 Mile House," presents a rare investment opportunity in Watsonville, CA. Located at 2904 Freedom Blvd, 95076, this established retail complex boasts over 100 years of history and serves as a gateway to Corralitos. The 250-10,000 square foot property currently houses seven diverse tenants, achieving a 90% occupancy rate. Tenants include a coffee/gift shop, breakfast/lunch restaurant, a Mexican seafood/oyster establishment, a dance studio, nail and hair salons, a construction company, and a roofing company. Additional space is utilized for RV and bus storage by a local school. The current owners are retiring and have cultivated a strong tenant base contributing positively to the community. The property offers a positive cash flow, details of which will be provided to qualified buyers. This is a net lease property with a modified lease type and multi-tenancy structure. The asking price is $3,890,000. The seller is highly motivated due to personal circumstances and is seeking a quick sale. This property is ideal for an investor seeking a strong, established asset or a 1031 exchange opportunity. The property's rich history and prime location make it a truly unique investment prospect. Serious inquiries only.

Property profile

Verified
Property type Lifestyle centers
Total area 250 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Hair Salon
  • Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center
  • Tattoo & Piercing Shop

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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