Sherman & Boone Real Estate is pleased to present a fully leased commercial property located at 1105 Water Street in Santa Cruz, CA. This offering includes two buildings on a single parcel, featuring a private parking lot with 12 on-site spaces plus street parking and a security system in place. Positioned in the heart of Midtown—near Seabright Avenue and Downtown Santa Cruz—the property encompasses 5,290 square feet with excellent visibility and strong traffic counts. Over 335 new housing units are approved along Water Street, with an additional 500 units planned in surrounding neighborhoods over the next five years. These projects will transform outdated commercial sites into vibrant residential communities—bringing an influx of new residents and energy to the neighborhood. This property has benefited from long-term tenancy, minimal turnover, and a dedicated roof reserve fund, reflecting responsible ownership and ongoing maintenance. With its prime Midtown location, strong tenant history, and upcoming owner-user potential, 1105 Water Street represents an outstanding investment opportunity in the thriving Santa Cruz market.