$2,200,000
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2202 E Lake Ave is a $2,200,000, 5,500 square foot home on a 1.97 acre lot located in Watsonville, CA.
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.
Basement | Concrete Slab |
Interior Features | No Security Features Facilities - Restrooms - Public Facilities - Kitchen Facilities - Refrigeration Facilities - Office Facilities - Cold Storage |
Cooling Types | No Cooling |
Heating Types | Other Heating |
# Parking Spaces | 15 |
Parking Types | Common Parking Area Parking |
Exterior Features | Public Utilities Garbage Collection Other Restrictions Meters - Master Electric Meters - Master Gas |
Roof | Other Roof Type |
Land Type | Retail |
Water Source | Public Meters - Master Water |
Sewer | Sewer - Public |
Property Type | Hotel |
Property Sub Type | Commercial Property |
Style | Business Type - Grocery |
Architectural Style | Commercial/Industrial |
Year Built | 1952 |
Area | College Road |
County | santa cruz |
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