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.
ML81958704
Business Opportunities, 1 Story
Santa Cruz
1952
1.973
Acres
Public
1
5,500
Sq. Ft.
1 Total
Interior Features
- Cooling
- None
Exterior / Lot Features
- Parking
- 15 Parking Spaces. 0 Covered Parking Spaces.
- Roof
- Other
- Zoning
- C-1
Financial Considerations
05119117000
$4,125
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