220 Westgate Dr, Watsonville, CA 95076
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.