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2202 E Lake Ave

Watsonville, CA 95076
  • $2,300,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: ML81958704
$2,300,000
  • 0
    BEDS
  • 1.97
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 100
    SQFT
  • $23,000
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1952
County:
Area:

School Ratings & Info

Listing provided courtesy of William Lewis of Lewis Real Estate: 831-429-9200.

Description

85,944 square foot parcel (1.97acres) located near the intersection of E. Lake Ave and Holohan Rd, one of the busiest intersections in Watsonville. Includes a 5,500 sq. ft. building leased to Farmers Market for 10 years beginning 01/31/2020, with 10 year option. Lease rate is $10,404 per month plus 50% of property taxes ($4,125+/-) and all operating expenses. The lease covers the building and parking area excluding approximately 20,000 sq. ft. for future development for a new buyer. The listing price is based on a 5.5 CAP plus $200,000 for the potential undeveloped remaining land.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-04-24T07:16:18.927. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Yani | Nu Level Realty.

Licensed in the State of California.
Website powered by BoomTown.
www.homesbyyani.com/homes/148847997
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2202 E Lake Ave Watsonville, CA 95076

  • Price: $2,300,000
  • Status: Active
  • On Site: 31 Days
  • ID#: ML81958704
0
Beds
0
Baths
0
½ Baths
1.97
Acres
100
SQFT
$23,000
$/SQFT
1952
Built
Neighborhood:
College Road
County:
Santa Cruz
Area:
College Road
Property Description
85,944 square foot parcel (1.97acres) located near the intersection of E. Lake Ave and Holohan Rd, one of the busiest intersections in Watsonville. Includes a 5,500 sq. ft. building leased to Farmers Market for 10 years beginning 01/31/2020, with 10 year option. Lease rate is $10,404 per month plus 50% of property taxes ($4,125+/-) and all operating expenses. The lease covers the building and parking area excluding approximately 20,000 sq. ft. for future development for a new buyer. The listing price is based on a 5.5 CAP plus $200,000 for the potential undeveloped remaining land.
Exterior Features

Foundation Concrete Slab Garage Parking Common Parking Area Number Of Buildings 1 Roof Other Sq Ft Yard 0

Interior Features

Cooling None Heating Other Sq Ft Warehouse 0 Structure Sq Ft 5500

Property Features

Accessibility Features Parking Additional Listing Info Court Confirmation May Be Required Business Type Grocery City Name WATSONVILLE Facilities Cold StorageKitchenOfficeRefrigerationRestrooms-Public Lot Size Area Maximum 85944.00 Meters Master ElectricMaster GasMaster Water Present Use Retail Restrictions Other Security Features None Sewer Septic Sewer - Public Sq Ft Source Other Utilities Garbage CollectionPublic Utilities Water Public Zoning C-1

Listing provided courtesy of William Lewis of Lewis Real Estate: 831-429-9200.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-04-24T07:16:18.927. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Yani | Nu Level Realty.

Licensed in the State of California.
Website powered by BoomTown.
 
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Homes By Yani | Nu Level Realty
2033 Gateway Pl, Suite 500
San Jose CA, 95110

Listing provided courtesy of William Lewis of Lewis Real Estate: 831-429-9200.