14 E Lake Ave, Watsonville, CA 95076

$790,000
List Price
$790,000
Price Change
▲ $40,000 1616664576
Closing Date
Aug 04, 2021
MLS#
ML81831414
Status
CONTINGENT
Lot Size
4,225
Listing Area
Watsonville
Year Built
1948

Property Description

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.

Additional Information

Acres
0.097
Age
73
Amenities
High Ceiling, Skylight
Cooling System
None
Energy Features
Low Flow Toilet
Floor Covering
Concrete, Tile, Other
Foundation
Concrete Slab
Garage Parking
Other
Heating System
Central Forced Air - Gas
Lot Size
4,225
Neighborhood
Watsonville
Other Rooms
Storage
Other Utilities
Garbage Collection, Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
Present Use
Commercial, Manufacturing - Light, Retail, Service, Warehouse
Roof
Aluminum Over Tar, Barrel / Truss
Sewer
Sewer Connected
Special Features
None
Zoning
CCA

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Datta Khalsa from Main Street Realtors

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