407 Main StWatsonville, CA 95076

Property Details for 407 Main St

Year built

1992

Construction

WOOD

Lot size

0.90 AC

Property size (Sq ft)

75,348 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

017-641-14

APU

1764114

Description

Hansen Towne Center, located at 407 Main St, Watsonville, CA 95076, presents a unique opportunity for retail businesses seeking space in Santa Cruz County. This established commercial property offers a total of 39,618 square feet of retail space, currently featuring three available suites. The flexible layout allows for various configurations, with a minimum divisible space of 812 square feet and a maximum contiguous space of 37,750 square feet, catering to businesses of all sizes. Currently, 39,627 square feet are vacant, providing ample opportunity for expansion or multiple tenants. The property boasts 300 parking spaces, ensuring convenient access for customers and employees. Its prime location on Main Street in Watsonville offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and strong community engagement. The property is classified as a multi-tenant retail space and is ready for immediate occupancy. This is an exceptional opportunity to establish or expand your retail presence in a thriving California market. Inquire today to learn more about leasing options and explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $27,978,942

  6.5%

  $25,826,716

  7%

  $23,981,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,573,732

  Geo Method

  $32,573,732

• Alternative Use

  Use

  Valuation

  Residential

  $25,826,716

  Hospitality

  $23,657,132

  Educational

  $19,682,456

  Medical

  $20,359,366

  Retail

  $30,617,154

Location Insight

City

Watsonville

County

Santa Cruz

State

California

Latitude

36.9103

Longitude

-121.758

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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