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1125 Pacific Ave 10,204 SF 100% Leased Retail Building Santa Cruz, CA 95060 $4,950,000 ($485.10/SF) 4.25% Cap Rate
Investment Highlights
- Prime Downtown Location: Situated in the heart of Downtown Santa Cruz, ensuring high visibility and foot traffic.
- Fully Leased Asset: 100% occupancy across 3 units provides immediate stability and income.
- CBD Zoning: Flexible zoning designation supports a wide range of retail, office, and medical uses with potential 2nd-level residential conversion.
- Professional Management: The property is currently professionally managed and in excellent condition, minimizing the immediate burden on a new owner.
- Owner-User or Development Opportunity: 5,000sf of office becoming available on December 1, 2026. May also be converted into Multi-Unit Residential.
- Premium Utility & Construction Elevator-served, sprinklered, and plenty of power (800amps) - Constructed by Barry Swenson Builders.
Executive Summary
Introducing a prime investment or owner-user opportunity in the heart of Downtown Santa Cruz, California. This exceptionally maintained property comprises a ±10,204 SF building featuring three units, offering lucrative potential in the retail sector. Built in 1980 and zoned for Central Business District (CBD) , the property provides a solid foundation for long-term commercial success.
Currently 100% occupied and professionally managed, this asset offers immediate value and steady income. Its location on Pacific Avenue is central to Santa Cruz’s shopping, dining, and cultural destinations, providing unmatched pedestrian foot traffic. This highly sought-after area is a compelling choice for those seeking a prestigious and profitable commercial property investment.
Currently 100% occupied and professionally managed, this asset offers immediate value and steady income. Its location on Pacific Avenue is central to Santa Cruz’s shopping, dining, and cultural destinations, providing unmatched pedestrian foot traffic. This highly sought-after area is a compelling choice for those seeking a prestigious and profitable commercial property investment.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,204 SF
Building Class
B
Year Built
1980
Price
$4,950,000
Price Per SF
$485.10
Cap Rate
4.25%
NOI
$210,193
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.95
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District allows for retail, dining, services, professional, medical, arts, & potential upstairs residential multi-family conversion.
Frontage
71’ on Pacific Ave
Amenities
- Skylights
- Balcony
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005-141-02-000 | Improvements Assessment | $2,165,591 (2025) |
| Land Assessment | $1,874,775 (2025) | Total Assessment | $4,040,366 (2025) |
Property Taxes
Parcel Number
005-141-02-000
Land Assessment
$1,874,775 (2025)
Improvements Assessment
$2,165,591 (2025)
Total Assessment
$4,040,366 (2025)
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1125 Pacific Ave