339 Locust St, Watsonville, CA 95076
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.
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MSD Drywall Hardware & Home Improvement Interior Design
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.