777 Chestnut Street in Santa Cruz, CA is a rare opportunity to own a freestanding office building in the heart of downtown. Spanning approximately 1,363 square feet on a 5,401 SF lot, the property offers four private offices—each with windows or sliding glass doors—and a dedicated five-space parking lot, a significant amenity in this walkable urban core. Zoned PA (Professional Administrative), the site supports a variety of uses including office, retail, and potential partial residential conversion, making it ideal for an owner-user or investor looking to capitalize on Santa Cruz’s vibrant downtown market. The building’s compact size, excellent condition, and flexible layout allow for a seamless move-in or adaptive reuse. Located steps from Pacific Avenue’s shops, restaurants, and public transit, the property boasts a Walk Score and Bike Score of 99. Recent improvements, including a roof replacement and HVAC upgrades, help reduce near-term capital expenditures. 777 Chestnut presents exceptional value and versatility in one of Santa Cruz’s most desirable commercial corridors.