14 E Lake Ave, Watsonville, CA 95076 For Sale

Great opportunity for either an investor or owner/operator here: A classic building in the heart of Watsonville’s Central Business District with high vehicle and pedestrian traffic counts, plus convenient access to a public parking lot for customers and employees alike. The owner has invested an estimated $120K- $140K worth of TI’s, repairs, and capital improvements into the building.

Since the property is located in the heart of the Downtown District, it falls under the Downtown Watsonville Specific Plan, which encourages compact development near transit to decrease automobile dependency and provide additional guidance and plans to increase multimodal access to and from the historic Downtown area.

Under a short-range plan, you can repurpose the existing building for a broad range of uses ranging from a coffeehouse to a brewery to retail and offices space. Or go big out of the gates with a long-range plan to capitalize on the new density bonus programs and go vertical for a mixed-use development with commercial use at street level and up to 5 stories of residential units above. Possibilities for the future abound!