Property profile

14 E Lake Ave Watsonville, CA 95076

FOR SALE
Retail space
Property ID
US09-2851235
0.1 ac lot Built 1900
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Lot 0.1 ac (4,225 SF)
APN 017-022-47
UPID US09-2851235

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
  • Building Supply Hardware & Home Improvement

Location

14 E Lake Ave Watsonville, CA 95076
Watsonville metro Census 110301 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2022
Last sale
$410,000
6 recorded transactions
2022
Price N/A
2019
Price N/A
2019
$410,000
2004
Price N/A
2003
Price N/A
2003
Price N/A

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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More about this property
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