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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 | - | - |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 009-201-26-000 | Improvements Assessment | $234,722 |
| Land Assessment | $256,997 | Total Assessment | $491,719 |
Property Taxes
Parcel Number
009-201-26-000
Land Assessment
$256,997
Improvements Assessment
$234,722
Total Assessment
$491,719
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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