This 3,070 square foot retail space is located at 1435 Main Street in Watsonville, CA 95076, within the Overlook Shopping Center. The space boasts a large open retail front, ideally situated next to high-traffic businesses such as Starbucks, GNC, SukhoThai Restaurant, Staples, and Boost Mobile. Built in 1997, this single-tenant space includes two dressing rooms, an ADA-compliant restroom, and convenient back storage. A recently installed security system enhances safety and security. The Overlook Shopping Center itself is a significant retail destination, encompassing over 260,000 square feet and featuring a diverse mix of businesses, including both local favorites and major national anchors like McDonald's, Ross, and Target. Ample parking is available with over 2,721 parking spaces to accommodate customers and employees. The negotiable price makes this an attractive opportunity for a variety of retail businesses seeking a high-visibility location in a bustling shopping center. This space offers excellent potential for growth and success within a well-established and thriving retail environment. The property is ready for immediate occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,790,312
6.5%
$7,191,057
7%
$6,677,410
Comparable approach
Method
Valuation
Relative Method
$12,438,393
Geo Method
$12,438,393
Alternative Use
Use
Valuation
Residential
$6,065,926
Hospitality
$5,556,356
Educational
$4,622,822
Medical
$4,781,808
Retail
$7,191,057
Location Insight
City
Watsonville
County
Santa Cruz
State
California
Latitude
36.9156
Longitude
-121.775
CBSA code
42100
CBSA name
SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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