14 Lake Ave Watsonville, CA 95076

This 4,200 sq ft vacant storefront in Watsonville, CA (95076), offers a compelling investment opportunity. Located at 14 E Lake Ave, this Class C building, constructed in 1948, boasts high visibility and pedestrian traffic in the Central Business District. The asking price is $775,000, representing a $184.52/sq ft cost and a 5.30% cap rate. The property is zoned CCA and benefits from recent tenant improvements (TI) and capital improvements estimated at $120,000-$140,000. Currently vacant, this single-unit building presents a blank canvas for a variety of businesses, from retail and offices to a coffeehouse or brewery. The Downtown Watsonville Specific Plan encourages compact development and offers potential for future expansion, including mixed-use development with up to five stories of residential units above the commercial space. Convenient access to a public parking lot enhances the property's appeal. This is a rare chance to acquire a well-located, adaptable property in a thriving downtown area. The gross lease type simplifies management.