Remarks

Fully leased six (6) unit mixed-use retail and commercial storage investment opportunity in the heart of Downtown Watsonville. Situated on a 9,975 SF corner lot with seven (7) off-street parking spaces and one-block from the corner of Main St and Freedom Blvd with excellent visibility and frontage. The 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. Suite 771 is currently subdivided and leased out to two (2) individual retail tenants with shared bathroom access. Utilities include two separate electric meters with shared gas, water, sewer, and garbage. The Rear Building includes 1,900 SF of industrial/commercial storage currently divided into three (3) units: 771-B, C, and D each with two grade-level roll-up doors for a total of six (6) high-lift garage doors. Unit B incorporates an additional front office, bonus room and private bathroom. Utilities include one electric and one water meter servicing all three commercial storage Units B, C, and D. Shared sewer and garbage with retail tenants. The current structure of the leases balances the stability of long-term tenants and consistent occupancy with the flexibility of rollover month-to-month terms.

Details

MLS#: ML81998291
Price: $1,449,000

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

County: Santa Cruz