Listing provided courtesy of William Lewis of Lewis Real Estate. Last updated 2024-04-28 09:13:17.000000. Listing information © 2023 CRMLS.
Asking Price: $2,300,000
2202 Lake, Watsonville CA 95076
Community: 699 - Not Defined
Status: Active
This property was built in 1952 and is priced at $2,300,000. Please see the additional details below.
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.