64 Penny Ln Watsonville, CA 95076
- Office Properties & Spaces
- 0.02 lot acres
Current Use by Public Records
- Watsonville Dentists: Arthur Hayashi DDS / Endodontist / Teeth Whitening Service
- Navarro Farms / Corporate Campus
- Abrego Tax Service Inc. / Consultant
- Roper Engineering / Civil Engineer / Land Surveyor
- Sun State Solar / Solar Energy System Service
Property Details for 64 Penny Ln
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 0.02 lot acres
- Property type
- Office Properties & Spaces
- APN
- 015-231-02
- APU
- 1523102
Description
This exceptional 1,479 square foot industrial building presents a unique investment or owner-user opportunity in the thriving Watsonville Professional district. Located at 64 Penny Lane, Watsonville, CA, this property sits on a 0.03-acre lot and offers significant advantages for a variety of businesses. The building is currently vacant, providing immediate occupancy for a new owner. Its central location offers easy access to local amenities, ensuring convenience for both employees and clients. Ample parking is conveniently situated on the ground floor, eliminating parking hassles. The property is designed with accessibility in mind, featuring ADA-compliant features, making it inclusive and welcoming to all. The building's versatile layout allows for customization to suit diverse operational needs. This is an excellent opportunity to acquire a well-situated industrial property in a desirable location, offering strong potential for both immediate use and long-term appreciation. The asking price is $550,000. Serious inquiries are encouraged to explore this promising investment. Don't miss this chance to secure a prime piece of Watsonville commercial real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $365,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $345,000
- Mixed-Use
- $435,000
- Hospitality
- $440,000
- Educational
- $395,000
- Residential Income
- $375,000
- Energy
- $400,000
- Income-Based Land
- $435,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Watsonville
- County
- Santa Cruz
- State
- California
- Longitude
- -121.779
- Latitude
- 36.9311
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
