64 Penny LnWatsonville, CA 95076

Property Details for 64 Penny Ln

Year built

1989

Construction

WOOD

Lot size

0.02 AC

Property type

Office properties

Property subtype

Other office properties

APN

015-231-02

APU

1523102

Description

This exceptional 1,479 square foot industrial building presents a unique investment or owner-user opportunity in the thriving Watsonville Professional district. Located at 64 Penny Lane, Watsonville, CA, this property sits on a 0.03-acre lot and offers significant advantages for a variety of businesses. The building is currently vacant, providing immediate occupancy for a new owner. Its central location offers easy access to local amenities, ensuring convenience for both employees and clients. Ample parking is conveniently situated on the ground floor, eliminating parking hassles. The property is designed with accessibility in mind, featuring ADA-compliant features, making it inclusive and welcoming to all. The building's versatile layout allows for customization to suit diverse operational needs. This is an excellent opportunity to acquire a well-situated industrial property in a desirable location, offering strong potential for both immediate use and long-term appreciation. The asking price is $550,000. Serious inquiries are encouraged to explore this promising investment. Don't miss this chance to secure a prime piece of Watsonville commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $300,058

  6.5%

  $276,977

  7%

  $257,193

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,468

  Geo Method

  $279,468

• Alternative Use

  Use

  Valuation

  Residential

  $343,451

  Hospitality

  $314,600

  Educational

  $261,743

  Medical

  $270,745

  Retail

  $407,156

Location Insight

City

Watsonville

County

Santa Cruz

State

California

Latitude

36.9311

Longitude

-121.779

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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