1111-1115 Water St - Freestanding FOR SALE


Santa Cruz, CA 95062- Eastside
$1,695,000 USD
831-818-0181
1111-1115 Water St, Santa Cruz, CA for Sale
$1,695,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

1111-1115 Water St
Santa Cruz, CA 95062
Eastside


HIGHLIGHTS

  • High visibility along Water Street
  • Potential for Live-Work Space OR Full Scale High-Density Development
  • Minutes from major freeway on-ramps

OVERVIEW

** SHOWN BY APPOINTMENT ONLY , PLEASE DO NOT DISTURB TENANTS ** Classic Building on Two Parcels, Ideal for Retail/Restaurant use with Added Potential for Live-Work Space or Full Scale High-Density Development, located in the heart of Midtown, walking distance to the area’s popular Arts & Entertainment, Restaurants, Stores & Boutiques The parcel’s Community Commercial Zoning provides multiple options for High-Densityl Development, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. These possibilities can be further expanded by combining for a 3-parcel assemblage with the adjacent property at 115 Catalpa St, a 6,273 SF Parcel, Zoned R 1-5, with an existing 1200 SF House, which was recently listed for $1,299,000.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$512 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

cc/community commercial

APN/PARCEL ID

009-243-12-000

ASK ABOUT THIS PROPERTY

Datta KhalsaMain Street RealtorsMore Info
831-818-0181

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Datta KhalsaMain Street RealtorsMore Info
831-818-0181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.