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129 Water St 2,060 SF Office Building Santa Cruz, CA 95060 $975,000 ($473.30/SF)
INVESTMENT HIGHLIGHTS
- Downtown Location
- Office Buildout
EXECUTIVE SUMMARY
129 Water Street presents a rare opportunity to own a freestanding commercial office building in the heart of downtown Santa Cruz. Whether you're an owner/user looking to establish your business in a prime location or an investor seeking a well-situated leasing asset, this property offers both immediate utility and long-term upside. As currently configured, the building features 10 offices, 2 conference rooms, a large reception area, and modern infrastructure, including controlled door access, security cameras, and prominent street signage. With 4 on-site parking spaces and excellent walkability to all that Downtown Santa Cruz has to offer, this location supports a wide range of professional uses. Delivered vacant at close of escrow, the property is move-in ready for an owner-occupant or ready for its next tenant. Located in a high-visibility corridor, this is a strategic acquisition for businesses or investors seeking strong fundamentals in a supply-constrained market.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
2,060 SF
Building Class
B
Year Built
1960
Price
$975,000
Price Per SF
$473.30
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,060 SF
Building FAR
0.68
Lot Size
0.07 AC
Zoning
CBD - Central Business District
Parking
4 Spaces (1.94 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,060 SF | Office | - | Now |
1st Floor
| Size |
| 2,060 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,060 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 006-364-05-000 | Improvements Assessment | $386,331 |
| Land Assessment | $482,913 | Total Assessment | $869,244 |
PROPERTY TAXES
Parcel Number
006-364-05-000
Land Assessment
$482,913
Improvements Assessment
$386,331
Total Assessment
$869,244
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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129 Water St
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