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2904-2908 Freedom Blvd 8,995 SF 100% Leased Retail Building Watsonville, CA 95076 $3,458,875 CAD ($384.53 CAD/SF) 8.50% Cap Rate
Executive Summary
Commercial Investment Opportunity
Well-positioned corner shopping center featuring approximately 9,000 SF of rentable retail space situated on an almost 2-acre parcel. The property offers ample parking, strong visibility, and convenient access. Approximately 10% of the leasable space is currently vacant, providing an immediate opportunity to increase income through lease-up.
The site includes a generous undeveloped rear and side yard area, offering potential for future expansion, additional improvements, or other value-add development opportunities (subject to buyer verification and local approvals).
Ideal for investors seeking a stabilized asset with upside potential through vacancy lease-up and future site development.
Well-positioned corner shopping center featuring approximately 9,000 SF of rentable retail space situated on an almost 2-acre parcel. The property offers ample parking, strong visibility, and convenient access. Approximately 10% of the leasable space is currently vacant, providing an immediate opportunity to increase income through lease-up.
The site includes a generous undeveloped rear and side yard area, offering potential for future expansion, additional improvements, or other value-add development opportunities (subject to buyer verification and local approvals).
Ideal for investors seeking a stabilized asset with upside potential through vacancy lease-up and future site development.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,995 SF
Building Class
C
Year Built
1931
Price
$3,458,875 CAD
Price Per SF
$384.53 CAD
Cap Rate
8.50%
NOI
$294,004 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.92 AC
Zoning
C-1 - The parcel is zoned C-1 & allows for a Mixed-Use
Commercial/Residential neighborhood development.One of the allowed uses under the C-1 Zoning
Parking
70 Spaces (7.78 Spaces per 1,000 SF Leased)
Frontage
500’ on Freedom Blvd./ Corralitos
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Fenced Lot
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Treasures Roadhouse
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Treasures Roadhouse | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 108-191-28-000 | Total Assessment | $5,490,915 CAD (2025) |
| Land Assessment | $3,477,580 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,013,336 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
108-191-28-000
Land Assessment
$3,477,580 CAD (2025)
Improvements Assessment
$2,013,336 CAD (2025)
Total Assessment
$5,490,915 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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2904-2908 Freedom Blvd
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