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    OFF-MARKET
    Commercial real estate

    540 Pennsylvania Dr, Watsonville, CA 95076

    1.51 ac lot
    Individually Owned 5-yr Hold
    Property ID
    US09-1526234
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.51 ac (65,776 SF)
    APN 016-18-114
    UPID US09-1526234
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Namvar Dinyari · 5 yrs held
    Namvar Dinyari
    since 2021
    2 recorded transactions
    2021
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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