Located at the southwest corner of Cedar and Walnut Streets in downtown Santa Cruz, this two-story commercial building offers approximately 7,150+ square feet of net leasable space across six versatile units. The centerpiece of the property is a restaurant space that has undergone significant improvements and is currently vacant, offering an exceptional opportunity for an owner-user or new restaurant operator. The ground floor also includes three additional retail units, two of which are currently vacant, providing flexibility for retail or service-oriented uses. The two upstairs office suites are currently leased to attorneys, providing existing rental income and a diversified tenant mix. With a prominent downtown location, multiple suites, and significant upside through lease-up of the vacant spaces, 151 Walnut Avenue presents a compelling opportunity for an investor or owner-user seeking a well-located commercial property in the heart of Santa Cruz.