Active

2202 E Lake AVE

WATSONVILLE CA, 95076

$2,200,000


$400.00 per sqft

Active

5,500 sqft

Commercial

Built in 1952

Listed by Lewis Real Estate, William Lewis, Listing Contact: 8314299200

85,944 square foot parcel (1.97acres) located near the intersection of E. Lake Ave and Holohan Rd, one of the busiest intersections in Watsonville. Includes a 5,500 sq. ft. building leased to Farmers Market for 10 years beginning 01/31/2020, with 10 year option. Lease rate is $10,404 per month plus 50% of property taxes ($4,125+/-) and all operating expenses. The lease covers the building and parking area excluding approximately 20,000 sq. ft. for future development for a new buyer. The listing price is based on a 5.5 CAP plus $200,000 for the potential undeveloped remaining land.

ML81958704

MLS ID

March 23, 2024

Listed

July 13, 2024

Updated

Map

2202 E Lake AVE
WATSONVILLE CA, 95076

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.97 Acres


Sewer

Public Sewer

Other Property Details

Area Name

College Road


Garage

No


Parking Total

15


View

No


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

C-1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2024

Price Change

$2,200,000

-5%

Listed by Lewis Real Estate, William Lewis,
Listing Contact: 8314299200 

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Data last updated 12:26 PM UTC, 7/13/2024

 

 

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