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347 Locust St

Watsonville, CA 95076
  • $1,875,000
  • STATUS: Active Under Contract
  • ON SITE: 147 Days
  • ID#: ML81926820
Under Contract
UPDATED: 104 min ago
$1,875,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $938
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1951
County:
Area:

School Ratings & Info

Description

Incredible opportunity for Investor or Owner User. Currently vacant, the Warehouse/Industrial Building boasts 13,843 sq ft. Includes 18 ft clear height at the low point of the interior of the Warehouse. Clear span building. Permitted mezzanine space adds another 2,500 sf for workspace or storage. Was recently approved for cannabis use. 3 Phase electric, 600 Amps, with possibility to get to 2000 Amps. Comfortable executive office spaces include a private shower Previous use includes woodworking shop. Leasing the shop at 1.00 psf NNN, puts an NOI around 166k, or a Pro Forma Cap Rate of just over 8.5%.

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© 2023 MLSListings Inc. Based on information from MLSListings MLS as of 2023-09-27T23:50:22.217. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or COMPASS.

Licensed in the State of California.
Website powered by BoomTown.
www.robroham.com/homes/139182544
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347 Locust St Watsonville, CA 95076

  • Price: $1,875,000
  • Status: Active Under Contract
  • On Site: 147 Days
  • Updated: 104 min ago
  • ID#: ML81926820
0
Beds
0
Baths
0
½ Baths
0.32
Acres
2,000
SQFT
$938
$/SQFT
1951
Built
Neighborhood:
Watsonville
County:
Santa Cruz
Area:
Watsonville
Property Description
Incredible opportunity for Investor or Owner User. Currently vacant, the Warehouse/Industrial Building boasts 13,843 sq ft. Includes 18 ft clear height at the low point of the interior of the Warehouse. Clear span building. Permitted mezzanine space adds another 2,500 sf for workspace or storage. Was recently approved for cannabis use. 3 Phase electric, 600 Amps, with possibility to get to 2000 Amps. Comfortable executive office spaces include a private shower Previous use includes woodworking shop. Leasing the shop at 1.00 psf NNN, puts an NOI around 166k, or a Pro Forma Cap Rate of just over 8.5%.
Exterior Features

Foundation Concrete Slab Garage Parking Off-Street Parking Roof Metal Sq Ft Yard 1

Interior Features

Cooling None Heating Other Sq Ft Warehouse 11843 Structure Sq Ft 13843

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Watsonville Facilities Conference/Meeting RoomFront SignManager's OfficeRestrooms-PrivateStorage Incorporated No Lot Size Area Maximum 13939.20 Meters Master ElectricMaster GasMaster Water Present Use Vacant Restrictions None Security Features Security AlarmSecurity Fence Sewer Septic Sewer Connected Sq Ft Source Other Utilities Public Utilities Water Public Zoning Ig

Listing provided courtesy of Nick Torres of Sherman & Boone Realtors: 831-464-5018.



© 2023 MLSListings Inc. Based on information from MLSListings MLS as of 2023-09-27T23:50:22.217. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or COMPASS.

Licensed in the State of California.
Website powered by BoomTown.
 
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750 University Ave Suite 150
Los Gatos CA, 95032