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240 E Lake Ave
Watsonville, CA 95076
$565,000
MLS# 81711029 | ID: 52627863

Property Description

Opportunity Knocks! Great upside... potential! Building consists of 7 private offices, 2 bathrooms, kitchen/break-room and 2 reception areas! Great for office or Medical professionals. You also have the possibility/ability to convert into a 3 unit residential property! Potential income could generate $75,000-$80,000 +- 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. With some work, & effort, this could be great income producing property. Upside to this property is HUGE!

Property Features

Property Type Commercial
Year Built 1962
Approx. Lot Size .19 Acres
For more details and photos, visit:
http://hnl.to/m/52627863