347 Locust Street, Watsonville CA, 95076

Under contract

ActiveUnderContract

347 Locust Street

Watsonville CA, 95076

$1,875,000

$135.45 per sqft

Under contract

ActiveUnderContract

13,843 sqft

Commercial

Built in 1951

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%.

ML81926820

MLSⓇ ID

May 3, 2023

Listed

September 24, 2024

Updated

Map

347 Locust Street
Watsonville CA, 95076

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: None
Heating: Yes

Exterior/Building Features

Lot Size: 0.32 Acres
Roof: Metal

Other Property Details

Area Name: 699 - Not Defined
Days on Market: 145
Garage: No
Parking Total: 10
View: No
County: Santa Cruz
Water Source: Public
Pool: No
Zoning: IG

Broker Reciprocity Courtesy of Sherman & Boone Realtors, Nick Torres

Data last updated 10:05 AM UTC, 9/24/2024

Based on information from California Regional Multiple Listing Service, Inc. as of 9/24/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.