$2,200,000
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2202 Lake Avenue Watsonville, CA 95076
General Commercial
Residence
Beds
Baths
5,500
Sq. Ft.
1.97
Acre
Lot
Property Activity
Time on Site
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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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MLS#
ML81958704
Property Type
General Commercial
Status
Active Under Contract
Year Built
1952
Square Feet
5,500
sq. ft
Lot Size
1.97
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