851-857 41st Ave - Storefront Retail/Residential FOR SALE


Santa Cruz, CA 95062- Eastside
$4,400,000 USD
831-464-5039
851-857 41st Ave, Santa Cruz, CA for Sale
$4,400,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 4.92% Cap Rate

851-857 41st Ave
Santa Cruz, CA 95062
Eastside


OVERVIEW

Mixed Use trophy asset located on 41st Ave in Santa Cruz's Pleasure Point neighborhood. Two commercial tenants, Zameen at the Point and Parlour Salon occupy the ground floor, with 10 and 7 years respectively remaining on their leases, eliminating risk of a commercial vacancy. Upstairs are three residential apartment, all currently on short-term leases. Upside potential lies within the use of the apartments for a Buyer or maximizing the return from the residential units. Rare on-site parking located in the rear of the building with additional storage units.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$930 USD /SF

CAP RATE

4.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C-2

APN/PARCEL ID

032-061-15-000

ASK ABOUT THIS PROPERTY

Erik BarbicSherman & Boone CommercialMore Info
831-464-5039

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Erik BarbicSherman & Boone CommercialMore Info
831-464-5039

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