1435 Main StWatsonville, CA 95076

Property Details for 1435 Main St

Year built

1999

Construction

WOOD

Lot size

1.70 AC

Property size (Sq ft)

17,697 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

018-271-15

APU

1827115

Description

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.

• 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

Property Tax & Assessments

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