Price Reduction
Address
2202 E Lake AVE, Watsonville, CA
Price
$ 2,200,000
Property Attributes
- MLS#ML81958704
- TypeCommercial
- CountySANTA CRUZ
- CityWatsonville
- AreaCollege Road
- Zip95076
- StyleGrocery
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5500
- Lot Size1.973 Acres
Data Source:
MLSListings Inc.
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.
| Price History | |
|---|---|
| 3/23/2024 | Listed $2,300,000 |
| 5/18/2024 | 5% - $2,200,000 |
General Features
| Heating | Other |
|---|---|
| Cooling | None |
| Utilities | Garbage Collection,Public Utilities |
| Roof | Other |
| Water | Public |
| # of Buildings | 1 |
| Security Features | None |
| Restrictions | Other |
| Year Built | 1952 |
| Age | 72 |
| Property SubType | Commercial Property |
| Zoning Text | C-1 |
| Business Type | Grocery |
| Accessibility | Parking |
| County | Santa Cruz |
| Property Type | Commercial/Industrial |
| Present Use | Retail |
| Special Listing Conditions | Court Confirmation May Be Required |
| Status | Active |
| City | WATSONVILLE |
| MLS Area | College Road |
| Listing Agent State License | 00360906 |
Exterior Features
| Parking Features | Common Parking Area |
|---|---|
| Parking Spaces | 15 |
| Lot Size Area | 85944.00 |
| Facilities | Cold Storage,Kitchen,Office,Refrigeration,Restrooms-Public |
| Maximum Lot Size | 85944.00 |
| Sewer/Septic | Sewer - Public |
| Meters | Master Electric,Master Gas,Master Water |
| Foundation Details | Concrete Slab |
| Building Area Total | 5500 |
| Lot Acres | 1.9730 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 95076
Price
Visits
Year Built
Last updated: May 19, 2024 11:49 AM UTC Property Information © 2024 