Property profile

339 Locust St Watsonville, CA 95076

OFF-MARKET
Warehouses
Property ID
US09-1834730
15,043 SF 0.49 ac lot
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Property summary

AI-generated overview

This exceptional Watsonville investment opportunity comprises two buildings totaling 15,043 square feet on a 0.492-acre lot (APN: 017-092-16, 017-092-03). The property features approximately 9,800 square feet of net rentable warehouse space, perfect for manufacturing, warehousing, or distribution. The warehouse boasts 18-27 foot ceilings and two dock-high doors. Adding to its versatility, the property includes approximately 1,500 square feet of executive office space across two stories, complete with three bathrooms (two with showers), and the potential for an additional bathroom. A mezzanine level offers an additional approximately 3,400 square feet of usable space, accessible via a stairwell. Twelve parking spaces are available, and a fenced yard of approximately 3,000 square feet provides additional outdoor space. The property is zoned for Heavy Industrial use and is offered at $2,095,000 ($213.77/sq ft). This fee simple ownership presents a compelling opportunity for investors seeking a multi-functional industrial property in a prime location. The property's combination of warehouse space, office space, and outdoor area makes it highly adaptable to a variety of business needs.

Property profile

Verified
Property type Warehouses
Total area 15,043 SF
Lot 0.49 ac (21,432 SF)
UPID US09-1834730

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Interior Design

Location

339 Locust St Watsonville, CA 95076
Watsonville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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