Mixed-Use Retail & Industrial Storage
Multi Tenant Investment Opportunity
-Exclusively Listed by Troy Hinds-
FOR SALE: $1,249,000
Property HiGHLIGHTS
Visibility & Access: Prime location along a heavily traveled corridor, offering strong daily traffic counts.
Multiple Income Streams: Three retail storefronts + three commercial garage/storage units at the rear.
Irreplicable Unit Mix: Unique high-demand industrial self-storage units
Investor Appeal: Stabilized occupancy and competitive market rents.
Value-Add Potential: Built in 1937, modernized as needed, with further potential for value-add improvements.
Flexible Leases: Current leases brings long-term stability and consistent occupancy with the flexibility of rollover month-to-month terms and repositioning opportunities.
Property Overview
Five (5) unit mixed-use retail and value-add redevelopment opportunity in Downtown Watsonville. Flexible month-to-month current lease terms. Over 7.00% Proforma Cap Rate. Situated on a 9,975 SF corner lot with excellent visibility and frontage one-block from the corner of Main St and Freedom Blvd. Front Building consists of 2,590 SF of retail space divided into two (2) primary retail suites, each with their own bathroom: 771 and 771-A. Rear Building includes 1,900 SF of industrial/commercial storage currently divided into three (3) units: 771-B, C, and D each with two grade-level roll-up doors for a total of six (6) high-lift garage doors. Unit B incorporates an additional front office, bonus room and private bathroom.
FRONT BUILDING
The Front Building consists of 2,590 SF of retail space divided into two (2) primary retail suites, each with their own bathroom: 771 and 771-A. Suite 771 is currently subdivided and leased out as two (2) individual retail units with shared bathroom access. Utilities include two separate electric meters with shared gas, water, sewer, and garbage.
Rear Building
The Rear Building includes 1,900 SF of industrial self-storage currently divided into three (3) units: 771-B, C, and D each with two grade-level roll-up doors for a total of six (6) high-lift garage doors. Unit B incorporates an additional front office, bonus room and private bathroom. Utilities include one electric and one water meter servicing all three commercial storage Units B, C, and D. Shared sewer and garbage with Retail space.
Location
The property sits on Freedom Boulevard in Watsonville, approximately one-block from the signalized intersection at Main Street, offering direct access to Highway 1 and major retail corridors in southern Santa Cruz County. Situated in a retail corridor with restaurants, grocery, lodging, and local services in a high-demand and low-vacancy Thoroughfare Commercial (CT) zone district, it benefits from robust daily traffic and proximity to downtown Watsonville with excellent visibility and primary frontage on Freedom Blvd with secondary access from Eastern Dr.
