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433A Ocean St 0.36 Acres of Residential Land Offered at $3,900,000 in Santa Cruz, CA 95060

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INVESTMENT HIGHLIGHTS

High traffic volume
Options this location could be

Location easy to Beach Boardwalk, City, Services, Highway 17 and 1
Views

EXECUTIVE SUMMARY

Iconic Ocean Street property sitting at the busy corners of Ocean St. and Soquel Ave. Property zoning: MUVS High Density (mixed use visitor serving). The property visibility and traffic volume at this intersection may be one of the highest in the city. 433 Ocean Street as it is today, generates approximately $9,000.00 per month from five (5) small businesses including mobile tenants such as catering truck and an RV storage parking fee in rear of property. The income is a plus while the new owner plans the future of this great location. Land-banking this is another thought as the ongoing developments in Santa Cruz will likely keep increasing the value. The property has so many opportunities that it could and should be. At one time this was a "76" gas station. The tanks and cleanup required was completed and documents are attached. Developers can look at this property and visualize what could work very well adding to the ongoing building renaissance occurring throughout Santa Cruz today and for the future. We currently have a fair number of commercial properties both on and off market.

433 Ocean St 76 Station Case Closure

433 Ocean St 76 closurelettertrans copy

433 Ocean St 76 Station Case Closure continued

433 Ocean St Zoning Description PDF

PROPERTY FACTS

Price	$3,900,000	Proposed Use	Commercial Retail Hotel
Sale Type	Investment or Owner User	Total Lot Size	0.36 AC
No. Lots	1	No. Stories	1
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential
Zoning	MUVS High Density - MUVS High Density (Mixed Use Visitor Serving) see full description from the city in Documents/Attachments on LoopNet

Price	$3,900,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Retail Hotel
Total Lot Size	0.36 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MUVS High Density - MUVS High Density (Mixed Use Visitor Serving) see full description from the city in Documents/Attachments on LoopNet

1 LOT AVAILABLE

Lot

Price	$3,900,000	Lot Size	0.36 AC
Price Per AC	$10,833,333.33

Price	$3,900,000
Price Per AC	$10,833,333.33
Lot Size	0.36 AC

Rare commercial lot available, two ingress/egress one from Ocean St. and from Soquel Ave; level lot, high traffic count. This property can host many types of structures/businesses because of its zoning. building easy demo access if and when ready.

DESCRIPTION

15,682 square feet, level and paved. The existing 1,600 sq. ft. structure and sizable yard area currently allow for month to month tenants that generates reasonable income for ownership. Also, the canopy in the yard that was above the gas pumps still remains. Ingress/egress is available from both Ocean St. and Soquel Ave. The curbs are cut, Ocean St. frontage is 145' and Soquel frontage is 85'.