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1111-1115 Water St 3,312 SF Retail Building Santa Cruz, CA 95062 $1,695,000 ($511.78/SF)
Investment Highlights
- High visibility along Water Street
- Minutes from major freeway on-ramps
- Potential for Live-Work Space OR Full Scale High-Density Development
Executive Summary
** SHOWN BY APPOINTMENT ONLY , PLEASE DO NOT DISTURB TENANTS **
Classic Building on Two Parcels, Ideal for Retail/Restaurant use with Added Potential for Live-Work Space or Full Scale High-Density Development, located in the heart of Midtown, walking distance to the area’s popular Arts & Entertainment, Restaurants, Stores & Boutiques
The parcel’s Community Commercial Zoning provides multiple options for High-Densityl Development, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. These possibilities can be further expanded by combining for a 3-parcel assemblage with the adjacent property at 115 Catalpa St, a 6,273 SF Parcel, Zoned R 1-5, with an existing 1200 SF House, which was recently listed for $1,299,000.
Classic Building on Two Parcels, Ideal for Retail/Restaurant use with Added Potential for Live-Work Space or Full Scale High-Density Development, located in the heart of Midtown, walking distance to the area’s popular Arts & Entertainment, Restaurants, Stores & Boutiques
The parcel’s Community Commercial Zoning provides multiple options for High-Densityl Development, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. These possibilities can be further expanded by combining for a 3-parcel assemblage with the adjacent property at 115 Catalpa St, a 6,273 SF Parcel, Zoned R 1-5, with an existing 1200 SF House, which was recently listed for $1,299,000.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,312 SF
Building Class
B
Year Built
1942
Price
$1,695,000
Price Per SF
$511.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.29 AC
Zoning
cc/community commercial - • Zoning: CC – Community Commercial
• Ideal for Retail/Restaurant
• Potential for Live-Work Space OR Full Scale High-Density Development
Frontage
100’ on water street
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 009-243-12-000 | Improvements Assessment | $79,591 |
| Land Assessment | $949,781 | Total Assessment | $1,029,372 |
Property Taxes
Parcel Number
009-243-12-000
Land Assessment
$949,781
Improvements Assessment
$79,591
Total Assessment
$1,029,372
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1111-1115 Water St