270 Soquel Ave - Restaurant FOR SALE


Santa Cruz, CA 95062- Riverwalk
$1,200,000 USD
831-247-1175
270 Soquel Ave, Santa Cruz, CA for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

270 Soquel Ave
Santa Cruz, CA 95062
Riverwalk


HIGHLIGHTS

  • Location, Location, Location - Excellent Santa Cruz location with great visibility on highly trafficked Soquel Avenue (15,328 ADT)
  • Long Term History of Successful Restaurants
  • First Time on the Market in 50 Years
  • Santa Cruz is a densely populated, affluent, and well-educated coastal community
  • The property is zoned Community Commercial (C-C) and has the potential to be redeveloped into a taller and denser mixed use project in the future

OVERVIEW

Ow Commercial is pleased to present 270 Soquel Avenue in Santa Cruz for sale. This property features a +/- 2,300 square foot commercial building) on a +/- 10,237 square foot land parcel located on Soquel Avenue, a highly trafficked thoroughfare, and within close proximity to downtown Santa Cruz and Ocean Street, one of the busiest streets in the region. There are numerous mixed use projects with hundreds of residential units slated for development within close proximity. The single story commercial building has been used as a restaurant for the past 40+ years. There was a fire at the building and the interior was professionally taken down to the studs. The interior can be rebuilt to the new owners specifications. This property offers a rare opportunity for owner-users or developers to acquire a well located commercial building in a prime Santa Cruz location; it is ideal for an owner-user to remodel to their own specifications or for a developer looking for a prime location in Santa Cruz for a new project.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,415 SF

ZONING

N/A

APN/PARCEL ID

005-291-30-000

ASK ABOUT THIS PROPERTY

Benjamin OwOw CommercialMore Info
831-247-1175

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Benjamin OwOw CommercialMore Info
831-247-1175

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