Quick-Serve Restaurant Building with Drive-Thru
Retail | 2,740 SqFt
Marketing description
Mahoney & Associates is pleased to present for the first time on the market a +/- 2,740 SF vacant restaurant building with a drive-thru on +/- 19,000 SF lot. Originally constructed as a Foster’s Freeze quick-serve restaurant, the property benefits from a signalized hard intersection with over 25,000 VPD, an existing drive thru queue in a trade area where drive-thrus are hard to come by, a fully functional kitchen area with the possibility of purchasing the FF&E, and abundant off-street parking. Directly across from the subject property Eden Housing, a major non-profit housing developer has broken ground on the construction of the new 53-unit Tabasa Gardens apartment complex featuring a combination of one-bedroom, two-bedroom, and three bedroom units.
Investment highlights
• Ideal Redevelopment Potential: This property offers a fantastic chance to reimagine and repurpose a former restaurant space. By capitalizing on its prime location and existing drive-thru infrastructure, investors can create a diverse range of new business concepts, such as a fast-casual eatery, a coffee drive-thru, or even a retail establishment with a convenient drive-thru component.
• Strategic Location: Situated in the bustling town of Watsonville, this property benefits from high visibility and easy accessibility. Its location on a major commercial arterial ensures constant traffic flow, making it an attractive destination for locals and passersby. This strategic advantage provides an excellent foundation for businesses seeking maximum exposure and customer reach.
• Abundant Retail: The subject property is located along one of the main commercial corridors for Watsonville with retailers like Wendy’s, Autozone, Little Caesers, KFC, McDonald’s, Jack in the Box, 7-Eleven and more all within a short distance
• Thriving Community: Watsonville CA, is a vibrant and growing community with high barriers to entry for quick-serve restaurants. With a population that appreciates quality services and amenities, this town presents a ripe market for innovative businesses. By investing in this redevelopment opportunity, you can contribute to the local economy and become a prominent player in Watsonville’s commercial landscape.
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