Seabright Plaza Shopping Center and 110 Gault Street are now being sold together.
Seabright Plaza is an iconic neighborhood shopping center located in one of the best neighborhoods in Santa Cruz County. It is 100% leased with many longtime local tenants. It is zoned Community Commercial and General Plan allows it to be developed as high-density (potentially 250-300 units) residential mixed-use project with ground floor retail (approximately 15,000 SF).
110 Gault Street, an approximately 5,706 SF parcel of land. It located directly south across the street for Seabright Plaza and used as overflow/ additional parking for Seabright Plaza (approximately 28 spaces). Zoned for medium density housing.
Seabright Plaza could be potentially developed within 4-5 years while collecting rent to help cover the holding costs. Please contact me for details.