Properties

Comm Industrial For Sale For Sale

4,200 Sqft - 14 Lake Avenue, WATSONVILLE, California 95076

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Property Description

Great opportunity for either an investor or owner/operator here: A classic building in the heart of Watsonville’s Central Business District with high vehicle and pedestrian traffic counts, plus convenient access to public parking lot for customers and employees alike. Seller is also the owner and operator of the business, selling the real estate to raise operating capital for expanding the business in multiple locations, with flexible terms for a wide range of options at this location. Property can be delivered either vacant or Seller will lease it back at Fair Market rate of $4900 per month for 1 year with a 4-year option to renew. Owner has invested an estimated $120K-$140K worth of TI’s, repairs and capital improvements into the building. Repairs and capital improvements are included, while business assets (Furnishings, Trade Fixtures and Equipment) are not included in the price of the real estate. If desired, the business assets can be purchased for an additional $75,000.

Basic Details
Property Type : Comm Industrial For Sale
Listing Type : For Sale
Listing ID : 40963456
Price : $790,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 4,200 Sqft
Year Built : 1948
Lot Area : 4,225 Sqft
Features
Roof : Aluminum Over Tar
Address Map
Country : US
State : CA
County : Santa Cruz
City : WATSONVILLE
Zipcode : 95076
Street : Lake Avenue
Street Number : 14
Floor Number : 0
Longitude : W122° 14' 32.3''
Latitude : N36° 54' 42.3''
MLS Addon
Office Name : Main Street Realtors
Area : Watsonville
Address : 14 E Lake Avenue
Cross Street : Main Street
Directions to Property : Prime Downtown Commercial Distr
Address Direction : E
LA1User Code : MLL153338
LA1Agent First Name : Datta
LA1Agent Last Name : Khalsa
Status Category : Pending
Tot # Parking Spaces : 0
Zoning : CCA
List $/SqFt : $186
Age : 73
Apx Lot Sq Ft : 0 Sqft
Annual Taxes : $9,375
Total Deposits : $0
FLOORING : Concrete Slab, Other
ENERGY SAVING FEATURE : Low Flow Toilet
Bus Sq Ft of Bldg : 0 Sqft
TENANT EXPENSE : Electric, Gas, Trash
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $750,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Comm Industrial For Sale For Sale
  • Listing ID : 40963456
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 4,200 Sqft
$790,000
Agent info
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