236 Ocean St, Santa Cruz, CA 95060

1,749 SF | 100% Leased | Office Building | Santa Cruz, CA 95060 | $1,900,000 ($1,086/SF) | 4.36% Cap Rate

Asking Price $1,900,000

Property Type: Office
Square Feet: 1,749 SF
Price / Square Foot: $1,086

Listing Contacts

Paul Zech

Verified Profile

Jessica L. Wallace

Verified Profile

Property Info

Property Overview

Please read development opportunities: Prime investment opportunity because of the possible many uses for this property and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,408 Sq Ft, and the other is 3,441 Sq Ft. Total approx. 9,850 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, maybe more units and height subject to plan and design. City also declares the site would likely qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended. See our additional on & off market opportunities at; CaliforniaLandBank.com

Property Details

Class: C
Year Built: 1962
Stories: 1
Property Subtype: Office/Residential, Showroom, Medical, Office Live/Work Unit
Lot Size (sq. ft): 9,583 SF

Highlights

Close to Santa Cruz Beach Boardwalk
On Metro bus route
Close to restaurants and services
Suitable for six residential units or more
Excellent street visibility
Large parking lot

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