80 Porter Drive A, Watsonville, CA 95076
List Price: $3.5M
Listing Status: Active
Original List Price: $4M
0Days on Market: 188
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1945
Lot Size: 24,437 sq ft
Annual Property Tax: $2,131
MLS Number: ML82025341
About This Property
Owner/operator use, future residential development or great investment property. Large commercial property known as 70 Porter Dr & 80A Porter Dr. APN # 117-332-015, APN 117-332-014. There are currently 10 rental income units. Residential tenants are on 2nd floor above Stereo Electronics store. One studio unit and 2 individual room rentals. Other long term tenants are a restaurant, auto repair, auto bodyshop, market, hair salon, battery sales, The square footage stated are either from the tax assessor records or property manager and are not guaranteed to be exact. All the commercial tenants have been long term and are on month to month agreements. New 30 year roof completed in June 2022 with 10 year warranty. All new electrical in 2015, new plumbing in residential units in 2020. There are 3 water meters (1 not being used)and seven electrical meters on the property. The pro forma shows good upside in rent potential, based on current market rental rates. This is definitely worth a look. Seller will consider some seller financing.
Listing provided by: Paul Zech DRE #01965059 (831) 688-6461 paul.zech@cbrealty.com, Coldwell Banker Realty
Source: CRMLS, MLS #: ML82025341
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.