236 Ocean St - Office/Residential FOR SALE


Santa Cruz, CA 95060
$1,900,000 USD
831-247-3007
236 Ocean St, Santa Cruz, CA for Sale
$1,900,000 USD
Office/Residential - FOR SALE
1/18
null | 4.36% Cap Rate

236 Ocean St
Santa Cruz, CA 95060


HIGHLIGHTS

  • Close to Santa Cruz Beach Boardwalk
  • On Metro bus route
  • Close to restaurants and services
  • Suitable for six residential units or more
  • Excellent street visibility
  • Large parking lot

OVERVIEW

Please read development opportunities: Prime investment opportunity because of the possible many uses for this property and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,408 Sq Ft, and the other is 3,441 Sq Ft. Total approx. 9,850 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, maybe more units and height subject to plan and design. City also declares the site would likely qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended. See our additional on & off market opportunities at; CaliforniaLandBank.com

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$1,086 USD /SF

CAP RATE

4.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

Commercial, Medical

APN/PARCEL ID

010-165-18-000,010-165-22-000

ASK ABOUT THIS PROPERTY

Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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Paul ZechColdwell Banker Commercial RealtyMore Info
831-247-3007

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