$ 1,900,000
236 Ocean ST Santa Cruz, CA 95060
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$ 1,900,000
Est. payment | /mo
9,853 Sqft Lot
$ 1,900,000
Est. payment | /mo
9,853 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81957573
HOA Y/N No
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
Area 699 - Not Defined
Zoning CN
Interior
Fireplace No
Exterior
Fence Partial
Present Use Commercial
Building
Water Public
Schools
School District Other
Others
Tax ID 01016518000
Listed by Paul Zech • Coldwell Banker Realty
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Jennifer Lucero
Broker Associate | Lic# 01956495