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Investment Highlights

  • Two-building commercial property
  • Flexible occupancy and investment potential
  • Suitable for owner-users or investors
  • High-visibility Water Street location
  • Convenient access to downtown Santa Cruz and Highway 1

Executive Summary

621 Water Street presents a unique investment or owner-user opportunity in the heart of Santa Cruz. The property consists of two separate buildings on a single parcel, offering flexibility for multiple tenants, mixed-use business operations, or future repositioning. Its location along the highly traveled Water Street corridor provides excellent visibility, convenient access, and proximity to downtown Santa Cruz, Highway 1, and a variety of retail, dining, and residential amenities. The front building consists of approximately 1,000 SF and is tenant-occupied on a month-to-month lease. The rear building is approximately 1,485 SF, with three good-sized offices, two entries, two restrooms, and a kitchen/break room. The location is close to all amenities and freeway access. The front building offers excellent signage and visibility, while the rear offers a quieter opportunity. Excellent owner/user or investor.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,000 SF
Building Class
B
Year Built
1986
Price
$1,150,000
Price Per SF
$383.33
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,000 SF
Slab To Slab
10’
Building FAR
0.38
Lot Size
0.18 AC
Zoning
C-C Community Commercial - C-C district allows a broad mixture of commercial, service, office, and residential activities, including compatible mixed-use development.
Parking
9 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Kanda Thai Massage
  • -
  • 99,999 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Kanda Thai Massage - 99,999 SF - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
009-201-26-000
Land Assessment
$256,997
Improvements Assessment
$234,722
Total Assessment
$491,719
  • Listing ID: 41863682

  • Date on Market: 8/24/2026

  • Last Updated:

  • Address: 621 Water St, Santa Cruz, CA 95060

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