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    Property profile & analytics
    OFF-MARKET
    Retail space

    14 Lk Ave, Watsonville, CA 95076-4616

    0.1 ac lot Built 1900
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-2851235
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Watsonville ADU Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kalden LLC · 3 yrs held
    Kalden LLC
    since 2022
    Last sale
    $410,000
    6 recorded transactions
    2022
    2019
    2019
    $410,000
    2004
    2003
    2003
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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