2904 Freedom BlvdWatsonville, CA 95076

Property Details for 2904 Freedom Blvd

Property size (Sq ft)

250 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional mixed-use property, known as "The 5 Mile House," presents a rare investment opportunity in Watsonville, CA. Located at 2904 Freedom Blvd, 95076, this established retail complex boasts over 100 years of history and serves as a gateway to Corralitos. The 250-10,000 square foot property currently houses seven diverse tenants, achieving a 90% occupancy rate. Tenants include a coffee/gift shop, breakfast/lunch restaurant, a Mexican seafood/oyster establishment, a dance studio, nail and hair salons, a construction company, and a roofing company. Additional space is utilized for RV and bus storage by a local school. The current owners are retiring and have cultivated a strong tenant base contributing positively to the community. The property offers a positive cash flow, details of which will be provided to qualified buyers. This is a net lease property with a modified lease type and multi-tenancy structure. The asking price is $3,890,000. The seller is highly motivated due to personal circumstances and is seeking a quick sale. This property is ideal for an investor seeking a strong, established asset or a 1031 exchange opportunity. The property's rich history and prime location make it a truly unique investment prospect. Serious inquiries only.

Location Insight

City

Watsonville

County

CA

State

California

Latitude

36.9636

Longitude

-121.809

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