$ 1,900,000
236 Ocean Street Santa Cruz, CA 95060
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Listed by Paul Zech • Coldwell Banker Realty
$ 1,900,000
Est. payment | /mo
9,853 SqFt
$ 1,900,000
Est. payment | /mo
9,853 SqFt
Key Details
Property Type Commercial
Sub Type Comm Lots and Land
Listing Status Active
Purchase Type For Sale
Square Footage 9,853 sqft
Price per Sqft $192
MLS Listing ID ML81957573
HOA Y/N No
Originating Board Datashare MLSListings
Lot Size 9,853 Sqft
Property Description
1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses 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 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) 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 , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does 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 to perform due diligence
Location
State CA
County Santa Cruz
Interior
Fireplace No
Building
Lot Description Level
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