Great opportunity for either an investor or owner/operator here: A classic building in the heart of Watsonville's Central Business District with high vehicle and pedestrian traffic counts, plus convenient access to public parking lot for customers and employees alike. Seller is also the owner and operator of the business, selling the real estate to raise operating capital for expanding the business in multiple locations, with flexible terms for a wide range of options at this location. Property can be delivered either vacant or Seller will lease it back at Fair Market rate of $4900 per month for 1 year with a 4-year option to renew. Owner has invested an estimated $120K-$140K worth of TI's, repairs and capital improvements into the building. Repairs and capital improvements are included, while business assets (Furnishings, Trade Fixtures and Equipment) are not included in the price of the real estate. If desired, the business assets can be purchased for an additional $75,000.
Listing courtesy of Datta Khalsa from Main Street Realtors
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