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433A Ocean St 0.36 Acres of Residential Land in Santa Cruz, CA 95060
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.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.36 AC |
| 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'.
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 005-941-12-000 | Improvements Assessment | $38,633 |
| Land Assessment | $1,474,486 | Total Assessment | $1,513,119 |
Property Taxes
Parcel Number
005-941-12-000
Land Assessment
$1,474,486
Improvements Assessment
$38,633
Total Assessment
$1,513,119
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
433A Ocean St