14 Lk Ave, Watsonville, CA 95076-4616
This exceptional 4,200-square-foot creative office space is ideally situated at 14 E Lake Ave in Watsonville, California, zip code 95076. The property is zoned CCA and offers single-tenant occupancy, perfect for a business seeking a unique and established location. The building boasts recent significant improvements, with the owner investing between $120,000 and $140,000 in tenant improvements, repairs, and capital upgrades. These enhancements are included in the sale, along with existing business assets such as furnishings, trade fixtures, and equipment. This presents a turnkey opportunity for a new business to move in immediately. The property is available for immediate occupancy, or the seller will lease it back at a fair market rate of $1.00 per square foot gross monthly, offering a two-year lease term with a four-year renewal option. This flexible arrangement provides a unique opportunity for both buyers seeking immediate occupancy and those interested in a lease-back scenario. The property's prime location in the heart of Watsonville offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, upgraded commercial space in a desirable location. The property is classified as Retail and Office, specifically a Creative Office subtype.
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Watsonville ADU Building Supply Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.