550 Water St - Office FOR SALE


Santa Cruz, CA 95060- Riverwalk
$699,999 USD
831-247-1510
550 Water St, Santa Cruz, CA for Sale
$699,999 USD
Office - FOR SALE
1/4
null | Request Cap Rate

550 Water St
Santa Cruz, CA 95060
Riverwalk


HIGHLIGHTS

  • Designed by noted architect Aaron Green in 1962.
  • Walking distance to the Government Center and Courthouse.
  • Security monitoring provided by Bandit Security.
  • Located within an established professional and medical plaza.
  • Convenient access to downtown Santa Cruz amenities and services.
  • Can be for lease, Please contact Listing broker.

OVERVIEW

550 Water Street presents an opportunity to acquire a distinctive office property within Santa Cruz's established professional corridor. Designed in 1962 by renowned architect Aaron Green and developed by Bogard Construction, the property reflects Green's commitment to organic architecture, a design philosophy influenced by Frank Lloyd Wright. The building's architectural pedigree creates a unique identity rarely found in smaller office assets and may appeal to owner-users seeking a professional environment with historical significance. The property features a freshly renovated interior and is monitored by Bandit Security. Its location offers convenient access to downtown Santa Cruz, government offices, and the Santa Cruz County Courthouse, supporting a variety of professional, administrative, legal, consulting, and medical uses. The walkable setting places users near public services, local businesses, restaurants, and amenities that enhance day-to-day operations and employee convenience. Santa Cruz serves as a major economic and educational center for the Monterey Bay region, benefiting from proximity to the University of California, Santa Cruz, Silicon Valley employment centers, and the coastal communities that contribute to the area's diverse economy. The property's position along Water Street provides access to key transportation routes connecting downtown, Highway 1, and surrounding neighborhoods. For owner-users, the offering combines occupancy potential with long-term control of a uniquely designed commercial asset. For investors, the property represents a professionally oriented office building in a well-established market known for limited commercial inventory and enduring demand from local professional service providers.

FOR SALE DETAILS

PRICE

$699,999 USD

PRICE/SF

$841 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bldg H

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

N/A

APN/PARCEL ID

005-252-30-000

ASK ABOUT THIS PROPERTY

Matt SheltonJ. R. Parrish Commercial Real EstateMore Info
831-247-1510

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Matt SheltonJ. R. Parrish Commercial Real EstateMore Info
831-247-1510

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