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    64 Penny Ln Watsonville, CA 95076

    For Sale
    $550,000

    Versatile Vacant Building, Excellent Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 64 Penny LN C in Watsonville, California, presents a unique opportunity for both users and investors. Priced at $550,000, this vacant building offers significant potential within the thriving Watsonville Professional district. The property boasts convenient access to a variety of local amenities, ensuring high visibility and accessibility for any business. Its central location within Watsonville provides optimal convenience for clients and employees alike. The building's design incorporates ample parking situated on the ground floor, eliminating parking concerns for occupants and visitors. Furthermore, the property is ADA accessible, ensuring compliance with accessibility standards and catering to a wider range of potential users. The lot size is 0.03 acres, providing a manageable footprint for various commercial ventures. The building's versatility makes it suitable for a wide array of professional uses, offering a blank canvas for customization and tailored fit-outs. This is a rare opportunity to acquire a well-located, adaptable commercial space in a dynamic and growing area. The combination of prime location, ample parking, and ADA accessibility makes this property an attractive investment prospect with strong potential for future appreciation. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is currently vacant and ready for immediate occupancy.

    Property Features for 64 Penny Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1989
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Watsonville Dentists: Arthur ... Dentist Navarro Farms Corporate Campus Abrego Tax Service ... Consultant Roper Engineering Civil Engineer Sun State Solar Solar Energy System Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.7789
    Latitude
    36.93115

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Vacant Building, Excellent Investment
    Where is this commercial real estate located?
    The property is located at 64 Penny Ln Watsonville, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    (831) 457-5500
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    64 Penny Ln Watsonville, CA 95076
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    Watsonville, CA 95076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64 Penny Ln Watsonville, CA 95076
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