14 E Lake Avenue, Watsonville, CA 95076

$695,000 Approx. USD 0 beds, 0 baths

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Agent Remarks

A classic building in the heart of Watsonvilles Central Business District. High vehicle and pedestrian traffic counts, convenient access to a public parking lots. Current Owner has invested an estimated $120K-$140K worth of TIs, repairs, and capital improvements into the building. Since the property is located in the heart of the Downtown District, it falls under the Downtown Watsonville Specific Plan, which encourages compact development near transit to decrease automobile dependency, and provide additional guidance and plans to increasing multimodal access to and from the historic Downtown area. Under a short range plan, you can repurpose the existing building for a broad range of uses ranging from a coffeehouse to a brewery to retail and offices. Or go big out of the gates with a long-range plan to capitalize on the new density bonus programs and go vertical for a mixed-use development with commercial use at street level and up to 5 stories of residential units above.

Listing Details

Property type: (Commercial)

Status: Active

MLS# ML81939398

List price is $695,000 Reduced by $80,000 on 1/15/2025

Price: $695,000

HOA Fee is $0.00

Built in 1948

0.10 acres

Lot size: 0.0970

County: Santa Cruz

Zoning: CCA