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2940 Freedom Blvd 9,015 SF 100% Leased Retail Building Watsonville, CA 95076 $3,795,000 ($420.97/SF)
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!
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 (Actual - 2025) 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 (Actual - 2025) 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
Building Size
9,015 SF
Year Built
1931
Price
$3,795,000
Price Per SF
$420.97
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
1.92 AC
Zoning
C-1
Frontage
298’ on Freedom Bl
Amenities
- Corner Lot
- Courtyard
- Restaurant
- Storage Space
- Cafe
Somewhat walkable
20/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
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2940 Freedom Blvd