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Quick-Serve Restaurant with Drive-Thru 1487 Freedom Blvd 2,470 SF Retail Building Watsonville, CA 95076 $2,100,000 ($850.20/SF)
Investment Highlights
- Ideal Redevelopment Potential
- Abundant Retail
- Strategic Location
- Thriving Community
Executive Summary
Mahoney & Associates is pleased to present for the first time on the market a +/- 2,470 SF vacant restaurant building with a drive-thru on +/- 19,000 SF lot. Originally constructed as a Foster’s Freeze quick-serve restaurant, the property benefits from a signalized hard intersection with over 25,000 VPD, an existing drive thru queue in a trade area where drive-thrus are hard to come by, a fully functional kitchen area with the possibility of purchasing the FF&E, and abundant off-street parking. Directly across from the subject property Eden Housing, a major non-profit housing developer has broken ground on the construction of the new 53-unit Tabasa Gardens apartment complex featuring a combination of one-bedroom, two-bedroom, and three bedroom units.
FOR SALE & FOR LEASE
FOR SALE & FOR LEASE
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,470 SF
Building Class
C
Year Built/Renovated
1914/1990
Price
$2,100,000
Price Per SF
$850.20
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.37 AC
Parking
20 Spaces (8.1 Spaces per 1,000 SF Leased)
Frontage
77’ on Freedom Blvd
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 016-033-06-000 | Improvements Assessment | $669,202 |
| Land Assessment | $501,202 | Total Assessment | $1,170,404 |
Property Taxes
Parcel Number
016-033-06-000
Land Assessment
$501,202
Improvements Assessment
$669,202
Total Assessment
$1,170,404
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Quick-Serve Restaurant with Drive-Thru | 1487 Freedom Blvd
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