119 Beach StWatsonville, CA 95076

Property Details for 119 Beach St

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

0.25 AC

Property type

Office properties

Property subtype

Office buildings

APN

017-661-18

APU

1766118

Description

This exceptional 11,320-square-foot commercial property, located at 119 W. Beach St. in Watsonville, CA 95076, presents a unique investment opportunity. Situated on a 0.85-acre lot, this single-tenant building boasts a versatile layout suitable for a variety of uses, including traditional office, coworking, creative office, manufacturing, flex space, warehouse, and R&D. Built in 1939 and extensively renovated in 2023, the property features a single-story structure with ample parking (50+ spaces) in a gated lot. The building offers a convenient storefront entry, multiple ADA-compliant bathrooms, a dedicated server room, a full kitchen, 14 private offices, a conference room, and dedicated file/storage space. In addition to these features, there is substantial open floor space ideal for customization. The property benefits from a modern HVAC system with multiple zones, a comprehensive sprinkler system, and is zoned for commercial use. Its prime downtown location offers easy access to Highways 1, 129, and 152, as well as nearby restaurants, shops, and other amenities. The property's APN is 017-101-39-000, 017-101-40-000, and is located in Santa Cruz County. This fully remodeled property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,300,342

  6.5%

  $3,046,469

  7%

  $2,828,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,073,867

  Geo Method

  $3,073,867

• Alternative Use

  Use

  Valuation

  Residential

  $3,777,622

  Hospitality

  $3,460,281

  Educational

  $2,878,913

  Medical

  $2,977,924

  Retail

  $4,478,310

Location Insight

City

Watsonville

County

Santa Cruz

State

California

Latitude

36.9119

Longitude

-121.755

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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