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270 Soquel Ave 2,251 SF Retail Building Santa Cruz, CA 95062 $1,200,000 ($533.10/SF)
Investment Highlights
- Location, Location, Location - Excellent Santa Cruz location with great visibility on highly trafficked Soquel Avenue (15,328 ADT)
- First Time on the Market in 50 Years
- The property is zoned Community Commercial (C-C) and has the potential to be redeveloped into a taller and denser mixed use project in the future
- Long Term History of Successful Restaurants
- Santa Cruz is a densely populated, affluent, and well-educated coastal community
Executive Summary
Ow Commercial is pleased to present 270 Soquel Avenue in Santa Cruz for sale. This property features a +/- 2,300 square foot commercial building) on a +/- 10,237 square foot land parcel located on Soquel Avenue, a highly trafficked thoroughfare, and within close proximity to downtown Santa Cruz and Ocean Street, one of the busiest streets in the region. There are numerous mixed use projects with hundreds of residential units slated for development within close proximity. The single story commercial building has been used as a restaurant for the past 40+ years. There was a fire at the building and the interior was professionally taken down to the studs. The interior can be rebuilt to the new owners specifications. This property offers a rare opportunity for owner-users or developers to acquire a well located commercial building in a prime Santa Cruz location; it is ideal for an owner-user to remodel to their own specifications or for a developer looking for a prime location in Santa Cruz for a new project.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,251 SF
Building Class
C
Year Built
1964
Price
$1,200,000
Price Per SF
$533.10
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
N/A - C-C (community commercial)
Frontage
87’ on Soquel Ave
Amenities
- 24 Hour Access
- Corner Lot
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | 005-291-30-000 | Improvements Assessment | $144,048 |
| Land Assessment | $33,118 | Total Assessment | $177,166 |
Property Taxes
Parcel Number
005-291-30-000
Land Assessment
$33,118
Improvements Assessment
$144,048
Total Assessment
$177,166
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270 Soquel Ave
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