Exceptional 8.4-acre development opportunity located at the end of a cul-de-sac in a high-demand area of Watsonville. Currently featuring three single-family residences and a detached warehouse, this R1-zoned property offers significant potential for up to 67 units by right, with the possibility of 92 units through density bonuses (including 20% low-income housing) or 123 units with 100% affordable housing. The site is fully serviced with public water, sewer, and PG&E utilities, with separate meters for each residence. The property also allows for up to 120 units with ADUs (Accessory Dwelling Units), offering great flexibility for developers. Favorable topography and soil conditions, combined with the city's strong support for housing development, make this an ideal location for a residential community. Secondary access possibilities and creative solutions for access and drainage add further value. With a 25 ft. height limit (up to 3 stories), this site presents a tremendous opportunity for residential development.
40 Eileen St
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