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Investment Highlights

  • Iconic building & location
  • Located in the quaint and desirable town of Corralitos, CA
  • 9,000+ sq ft in 3 buildings
  • High traffic count 11K-15K daily
  • 40,000 approx. sq ft undeveloped area
  • 1.92 acres zoned C-1

Executive Summary

Iconic and historic investment opportunity on nearly 2 acres of level land in thriving Corralitos. Fondly known since the 1850s as the "Five Mile House" a prominent former tavern and stagecoach stopthis versatile commercial property blends steady holding income with immense development upside. The site currently hosts an eclectic, established mix of 10+ food, health, and service tenants providing an immediate, reliable income stream from day one.
For the forward-thinking developer or entrepreneur, the true prize lies in the rear of the property: approximately 40,000 sq. ft. of flat, undeveloped land. Flexible Commercial zoning allows for a wide array of development options. As this area of Corralitos rapidly gains popularity as a vibrant hub for businesses, services, and entertainment, this premier location is primed for expansion. Bring your vision to maximize the untapped potential of this unique, underutilized community landmark. The possibilities here are truly limitless!

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
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 (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,995 SF
Building Class
C
Year Built
1931
Price
$3,795,000
Price Per SF
$421.90
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
Somewhat walkable
20/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
108-191-09-000
Land Assessment
$32,401 (2025)
Improvements Assessment
$99,927 (2025)
Total Assessment
$132,328 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 41192695

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 2904-2908 Freedom Blvd, Watsonville, CA 95076

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