Remarks

Five (5) unit mixed-use retail and value-add redevelopment opportunity in Downtown Watsonville. Over 7.00% Proforma Cap Rate. Flexible month-to-month current leases. Situated on a 9,975 SF corner lot with excellent visibility and frontage one-block from the corner of Main St and Freedom Blvd. Front Building consists of 2,590 SF of retail space divided into two (2) primary retail suites, each with their own bathroom: 771 and 771-A. Utilities include two separate electric meters with shared gas, water, sewer, and garbage. Rear Building includes 1,900 SF of industrial/commercial storage currently divided into three (3) units: 771-B, C, and D each with six (6) high-lift garage doors. Unit B incorporates an additional front office, bonus room and private bathroom.

Details

MLS#: ML81998291
Price: $1,249,000

Style: Commercial Property
Sq Ft: 4490
Year Built: 1937

County: Santa Cruz