40
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$775,000
Est. payment /mo
4,225 Sqft Lot
Active
14 E Lake AVE Watsonville, CA 95076
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UPDATED:
12/05/2024 12:54 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81939398
HOA Y/N No
Year Built 1948
Annual Tax Amount $9,375
Lot Size 4,225 Sqft
Property Description
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.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning CCA
Interior
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Barrel
Present Use Commercial
Building
Story 1
Others
Tax ID 01702247000
Listed by Datta Khalsa • Main Street Realtors