240 E Lake Ave, Watsonville, CA 95076

$519,000
List Price
$519,000
Price Change
▼ $6,000 1551147504
MLS#
ML81738263
Status
ACTIVE
Lot Size
8,189
Listing Area
Watsonville
Year Built
1962

Property Description

Opportunity Knocks! Great upside potential! Building consists of 7 private offices, 2 bathrooms, kitchen/break-room & 2 reception areas. Great for office or Medical professionals. Possibility/ability to convert into a Single Family, or Multiple unit property! Potential income could generate $70,000-$75,000 +- a year. City of Watsonville Planning Department says that "Property can be converted from commercial to residential. Residential development projects are permitted in CN zone subject to an approved Special Use permit by the Planning Commission. Determination for residential density in the CN zone will be given based on the nearest residential zone. In this case It happens to be HIGH density Zone (RM-3). Staff will support a project that confirms to the City Municipal Code." Few multi residential properties for sale, & we have a shortage of avail rentals in Watsonville. This could be great income producing property. Upside to this property is HUGE! Add Value.

Additional Information

Acres
0.188
Age
57
Cooling System
Central AC
Foundation
Concrete Perimeter
Garage Parking
Common Parking Area, No Garage, Parking Area
Heating System
Central Forced Air - Gas
Lot Size
8,189
Neighborhood
Watsonville
Other Utilities
Public Utilities
Present Use
Educational, Office
Roof
Composition
Sewer
Sewer - Public
Special Features
Grab Bars, Parking, Wheelchair Access, Wide Halls / Doors (3 Ft +)
Stories
1
Unincorporated Yn
Yes
Zoning
CN

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Raeid Farhat from Raeid Farhat Real Estate

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