540 Pennsylvania Dr, Watsonville, CA 95076
This exceptional 1.51-acre parcel, located at 540 Pennsylvania Drive, Watsonville, California, presents a remarkable opportunity for residential development. The property, identified by APN 016-18-114, is zoned RM-2 (Multiple Residential District - Medium Density) allowing for medium-density residential construction. A portion of the property, situated at the northwest corner, falls under the EM-OS (Open Space District) zoning designation. The site encompasses 65,688 square feet and offers considerable flexibility for developers. The General Plan designates this land for residential medium-density development. This presents a unique opportunity to create a substantial residential project, with potential for anywhere from 50 to 87 units, subject to all necessary approvals and permits. The property's location in Watsonville, Santa Cruz County, CA, 95076 provides convenient access to local amenities and infrastructure. This is a sole ownership property, ready for immediate development consideration. Serious inquiries are encouraged to explore the full potential of this prime development site. The property's address is 540 Pennsylvania Dr, Watsonville, CA 95076.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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