14 East Lake Avenue, Watsonville, CA, USA
Offered At:
$775,000
Bds.
Bths.
SqFt
4200
Art Deco Watsonville Warehouse
Great opportunity for either an investor or owner/opera- tor here: A classic building in the heart of Watsonville’s Central Business District with high vehicle and pedestri- an traffic counts, plus convenient access to a public park- ing 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 tran- sit to decrease automobile dependency, and provide additional guidance and plans to increasing multimodal ac- cess 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 coffee- house to a brewery to retail and offices. 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!
Located within the Downtown Watsonville Specific Plan, this property supports compact development near transit, promoting reduced automobile dependency, and provides guidance for enhancing multimodal access to and from the historic Downtown area.
The property offers flexible usage options under a short-range plan, including pos- sibilities for a coffeehouse, brewery, retail, or office space. For those looking to max- imize their investment, a long-range plan allows for repurposing the existing struc- ture into a mixed-use development, featuring commercial space on the ground floor with the potential for up to five stories of residential units above.
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Features & Details
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Watsonville
Watsonville, situated in the Pajaro Valley of Santa Cruz County, is a vibrant and culturally diverse community known for its agricultural heritage, historic charm, and proximity to the Monterey Bay. Renowned as the "Strawberry Capital of the World," Watsonville's fertile fields produce a significant portion of the nation's strawberries, and the annual Watsonville Strawberry Festival celebrates this agricultural bounty with lively festivities. The downtown area boasts a mix of historic architecture, local shops, and eateries, contributing to the town's unique character. The nearby Pajaro River and wetlands provide opportunities for bird watching and outdoor recreation. Watsonville's rich cultural tapestry is evident in events like the annual Watsonville Film Festival, which highlights the diversity of the community through cinema. With a welcoming atmosphere, a strong sense of community, and a mix of agricultural and cultural offerings, Watsonville stands out as a dynamic and engaging town in the heart of the central California coast.