6 Alton Way Watsonville, CA 95076
- Commercial real estate
- 0.47 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6 Alton Way
- Lot size
- 0.47 lot acres
- Property type
- Commercial real estate
Description
This exceptional .47-acre commercial parcel presents a unique investment opportunity in Watsonville, CA's burgeoning downtown. Situated within the recently adopted Downtown Watsonville Specific Plan (DWSP) Commercial Flex zone, this property offers significant development potential. The DWSP allows for a high density of up to 85 dwelling units per acre. Given the approximate size of this 0.466-acre lot, developers could potentially construct approximately 40 residential units, subject to the City of Watsonville's approval of plans addressing setbacks, parking requirements, and unit configurations. The property's location within the DWSP provides access to various city services and infrastructure. Furthermore, the possibility of leveraging additional state density bonuses for affordable housing developments adds another layer of potential for this promising site. This is an ideal opportunity for developers seeking to capitalize on the growing demand for housing in a revitalized downtown area. The property's zoning and location make it an attractive prospect for a mixed-use development or a high-density residential project. Serious inquiries are encouraged to explore the full development potential of this exceptional property. All development is subject to City approvals and relevant regulations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watsonville
- County
- Santa Cruz
- State
- California
- Longitude
- -121.763
- Latitude
- 36.9165
