Log In/Sign Up
Your email has been sent.
217 E Lake Ave 3,707 SF 100% Leased Office Building Watsonville, CA 95076 $1,367,840 CAD ($368.99 CAD/SF) 5.04% Cap Rate
Investment Highlights
- Downtown Watsonville - Close to Amenities
- Multi-tenant Building provide flexibility for Owner User or Investor
- Large Parking Lot
Executive Summary
VERSATILE COMMERCIAL OPPORTUNITY IN A PRIME WATSONVILLE LOCATION - ideal for both investors and owner-users seeking flexibility and long-term upside. Situated on a 9,104 SF lot, this 3,747 SF multi-suite property is currently configured with 7 individual offices and 1 medical suite, offering a rare blend of income potential and functional layout. Perfect for an owner-occupant looking to establish a presence with income potential or for an investor seeking a stable, multi-tenant asset in a central location. The flexible suite configuration allows for a variety of uses including professional offices, medical, wellness, or creative workspace. Multiple entry points and well-proportioned suites provide the ability to lease individually or reconfigure to suit a larger single-user footprint. Ample on-site parking and strong street presence along E Lake Avenue enhance accessibility and visibility for tenants, clients, and customers alike. Positioned in a high-demand corridor with convenient access to Highway 1 and nearby amenities, this property offers both immediate usability and long-term growth potential. Whether you're expanding your business, diversifying your portfolio, or securing a strategic location, 217 E Lake presents a compelling opportunity in the heart of Watsonville.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$97,885
|
$26.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,885
|
$26.41
|
| Taxes |
$3,953
|
$1.07
|
| Operating Expenses |
$25,037
|
$6.75
|
| Total Expenses |
$28,990
|
$7.82
|
| Net Operating Income |
$68,895
|
$18.59
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $97,885 |
| Annual Per SF | $26.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,885 |
| Annual Per SF | $26.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,953 |
| Annual Per SF | $1.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,037 |
| Annual Per SF | $6.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,990 |
| Annual Per SF | $7.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $68,895 |
| Annual Per SF | $18.59 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,707 SF
Building Class
C
Year Built
1907
Price
$1,367,840 CAD
Price Per SF
$368.99 CAD
Cap Rate
5.04%
NOI
$68,895 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,853 SF
Slab To Slab
8’
Building FAR
0.41
Lot Size
0.21 AC
Zoning
DWSP - Downtown Watsonville Specific Plan
Parking
10 Spaces (2.7 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 018-251-18-000 | Total Assessment | $309,758 CAD (2025) |
| Land Assessment | $90,739 CAD (2025) | Annual Taxes | $3,953 CAD ($1.07 CAD/SF) |
| Improvements Assessment | $219,019 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
018-251-18-000
Land Assessment
$90,739 CAD (2025)
Improvements Assessment
$219,019 CAD (2025)
Total Assessment
$309,758 CAD (2025)
Annual Taxes
$3,953 CAD ($1.07 CAD/SF)
Tax Year
2026
1 of 79
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
217 E Lake Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.