Property summary
This exceptional executive office space at 40 Penny Lane in Watsonville, CA, offers a unique opportunity for businesses seeking a prestigious and convenient location. The property, a two-story Class B building totaling 22,800 square feet, underwent complete renovations in 2024, boasting a fresh and modern interior and exterior. Situated on a 1.43-acre lot at the highly visible corner of Green Valley Road and Loma Prieta Avenue, the building benefits from excellent visibility and accessibility. The building features one suite, currently offering multiple tenancies, and includes a passenger elevator for ADA accessibility. With 75 total parking spaces, ample parking is readily available for tenants and their clients. The property's convenient location offers easy access to a variety of amenities, including restaurants, shops, a gym, and public transportation, all within walking distance. The building provides 24-hour access, HVAC systems, and prominent monument and directory signage. The property is zoned for commercial office use and has an APN of 015-171-01-000. Built in 1986, this renovated property offers a blend of classic charm and modern functionality, making it an ideal location for a variety of businesses. Currently, the building houses a diverse mix of tenants, including restaurant, dental, medical, and professional office spaces. This is a rare opportunity to secure office space in a highly desirable and well-maintained building in the heart of Watsonville. The zip code is 95076.
Property profile
VerifiedCap rate & NOI
Current use
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Employment Agency
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Medical Clinic
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Dental Office
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Alternative Medicine Practice
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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