Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Commercial land

    220 Westgate Dr, Watsonville, CA 95076

    3.38 ac lot
    Trust Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-2567677
    Property summary
    AI-generated overview

    This exceptional 3.609-acre commercial land parcel, located at 220 Westgate Drive in Watsonville, California (zip code 95076), presents a unique opportunity for medical/office development. Zoned CD/IP, this master-planned site includes entitlements and offers the potential for approximately 40,000 square feet of development, potentially configured as two, 20,000 square foot, two-story buildings. Build-to-suit options are available for prospective tenants. The property boasts a highly desirable location adjacent to Watsonville Community Hospital, ensuring high visibility and accessibility. Its strategic placement off Highway 1 provides excellent exposure to significant traffic volume. Detailed plans are included in the offering. The asking price for this exceptional investment opportunity is $2,800,000. The property is conveniently situated near the intersection of Westgate Drive and Technology Drive, offering easy highway access via Highway 1. This is a rare chance to acquire a fully entitled, prime development site in a thriving area of Santa Cruz County.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 3.38 ac (147,059 SF)
    APN 015-111-63
    UPID US09-2567677
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Millennium Trust Company LLC · 2 yrs held
    Millennium Trust Company LLC
    since 2023
    Last sale
    $28,000
    7 recorded transactions
    2023
    $28,000
    2023
    $25,000
    2019
    2019
    2019
    2018
    $100,000
    2008
    $655,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message