Your email has been sent.
1024 Soquel Ave 0.27 Acres of Commercial Land Offered at $2,250,000 in Santa Cruz, CA 95062
INVESTMENT HIGHLIGHTS
- Prominent, walkable, urban corridor.
- Located in an opportunity zone for tax advantaged development.
- Seabright / Midtown Santa Cruz. Strong residential + commercial demand.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.27 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | MU-HD - MU-HMixed-Use High Density | ||
| Price | $2,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.27 AC |
| Opportunity Zone |
Yes |
| Zoning | MU-HD - MU-HMixed-Use High Density |
1 LOT AVAILABLE
Lot
| Price | $2,250,000 | Lot Size | 0.27 AC |
| Price Per AC | $8,211,678.83 |
| Price | $2,250,000 |
| Price Per AC | $8,211,678.83 |
| Lot Size | 0.27 AC |
Physical Stats: Lot Size: ~0.27 acres (˜ 11,900–12,000 SF) Condition: Vacant land Existing Use: None (clean slate)
DESCRIPTION
Rare development opportunity at 1024 Soquel Ave, in Santa Cruz's red-hot Eastside, convenient to SC Athletic Club, Whole Foods, and popular food and entertainment venues The Rio Theater, Lillian's, The Crepe Place and much more. Located directly across the street from the central Pubic Parking Lot where the City also hosts the weekly live entertainment and food truck event “Midtown Fridays” in the Summer months. This +/-0.27-acre corner lot is a high-density, mixed-use site located within a federal Opportunity Zone. Boasting a 94/100 Walk Score, the property is zoned MU-H, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. While the base density is 55 DU/Acre, a city-vetted concept for 76-80 residential units has been reviewed, utilizing the State Density Bonus Law and small-unit exemptions where studios/1BRs do not count against density limits. Physical parameters include a 2.75 base FAR and by-right heights up to 5 stories, with 0 ft front and side setbacks. This establishes a documented ceiling for high-yield urban infill. Buyer to verify all development and zoning info independently.
PROPERTY TAXES
| Parcel Number | 010-072-78-000 | Improvements Assessment | $0 |
| Land Assessment | $1,676,625 | Total Assessment | $1,676,625 |
PROPERTY TAXES
Presented by
1024 Soquel Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.