21 Main StWatsonville, CA 95076

Property Details for 21 Main St

Year built

1899

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

1,717 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

017-291-15

APU

1729115

Description

This exceptional commercial property, located at 21 Main Street in the vibrant city of Watsonville, California, presents a unique investment opportunity. Boasting a substantial 8,309 square feet of space, this general commercial building sits on a sizable 0.44-acre lot, offering ample room for expansion or outdoor utilization. The property's strategic location on Main Street provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. The asking price is $3,999,500, representing a compelling value for a property of this size and location in Watsonville. The building's versatile layout allows for a wide range of commercial uses, making it an ideal choice for businesses seeking a prominent presence in a thriving community. Its substantial size and prime location make it suitable for a variety of commercial ventures, from retail establishments and offices to light industrial operations. The 0.44-acre lot provides ample parking and potential for future development or expansion. This property offers a rare opportunity to acquire a significant commercial asset in a desirable location with strong growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to secure a prime commercial space in the heart of Watsonville.

• CAP approach

  CAP return

  Valuation

  6%

  $637,573

  6.5%

  $588,529

  7%

  $546,491

• Comparable approach

  Method

  Valuation

  Relative Method

  $742,277

  Geo Method

  $742,277

• Alternative Use

  Use

  Valuation

  Residential

  $588,529

  Hospitality

  $539,089

  Educational

  $448,516

  Medical

  $463,941

  Retail

  $697,691

Location Insight

City

Watsonville

County

Santa Cruz

State

California

Latitude

36.9055

Longitude

-121.752

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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