806 Ocean Street presents a rare investment opportunity in the heart of Santa Cruz, located at one of the city’s busiest intersections. The property sits on a 0.47-acre parcel within the Santa Cruz Opportunity Zone, offering significant tax advantages for investors. Zoned MU-VH (Mixed Visual High Density), the site supports a wide range of redevelopment options, including mixed-use commercial and residential projects. The existing structure is a 6,508 SF retail/office building currently occupied under a short-term NNN lease, generating $84,000 in annual NOI. With under-market rent and no renewal options, the property provides immediate upside for repositioning or redevelopment. Surrounding amenities include major retailers, hospitality venues, and UC Santa Cruz, creating strong demand drivers. High traffic counts and excellent visibility enhance the long-term value proposition for investors seeking a prime location in a growing coastal market.