2202 E Lake Ave, WATSONVILLE, CA

$2,200,000

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5,500

Square feet

1.97

Acres

About 2202 E Lake Ave

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.

Features of 2202 E Lake Ave

MLS® # ML81958704
Price $2,200,000
Square Footage 5,500
Square Footage Other
Acres 1.97
Year Built 1952
Type Common Interest
Sub-Type Commercial Property
Status Active

Community Information

Address 2202 E Lake Ave
Area College Road
City WATSONVILLE
County Santa Cruz
State CA
Zip Code 95076

Amenities

Utilities Garbage Collection, Public Utilities
Parking Spaces 15
Is Waterfront No

Interior

Heating Other
Cooling No Cooling
Fireplace No
# of Stories 1

Exterior

Roof Other Roof
Foundation Concrete Slab

Additional Information

Zoning C-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentWilliam Lewis
OfficeLewis Real Estate
Contact Info831-429-9200

Listing Map

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