Log In/Sign Up
Your email has been sent.
765 Cedar St 8,197 SF Vacant Retail Building Santa Cruz, CA 95060 $3,200,000 ($390.39/SF)
Executive Summary
Located at the southwest corner of Cedar and Walnut Streets in downtown Santa Cruz, this two-story commercial building offers approximately 7,150+ square feet of net leasable space across six versatile units.
The centerpiece of the property is a restaurant space that has undergone significant improvements and is currently vacant, offering an exceptional opportunity for an owner-user or new restaurant operator. The ground floor also includes three additional retail units, two of which are currently vacant, providing flexibility for retail or service-oriented uses.
The two upstairs office suites are currently leased to attorneys, providing existing rental income and a diversified tenant mix. With a prominent downtown location, multiple suites, and significant upside through lease-up of the vacant spaces, 151 Walnut Avenue presents a compelling opportunity for an investor or owner-user seeking a well-located commercial property in the heart of Santa Cruz.
The centerpiece of the property is a restaurant space that has undergone significant improvements and is currently vacant, offering an exceptional opportunity for an owner-user or new restaurant operator. The ground floor also includes three additional retail units, two of which are currently vacant, providing flexibility for retail or service-oriented uses.
The two upstairs office suites are currently leased to attorneys, providing existing rental income and a diversified tenant mix. With a prominent downtown location, multiple suites, and significant upside through lease-up of the vacant spaces, 151 Walnut Avenue presents a compelling opportunity for an investor or owner-user seeking a well-located commercial property in the heart of Santa Cruz.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,197 SF
Building Class
C
Year Built/Renovated
1988/2018
Price
$3,200,000
Price Per SF
$390.39
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.15 AC
Zoning
CBD
Frontage
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,600 SF
- Retail
- In-Line
- Now
- 1st Floor
- 3,000 SF
- Restaurant
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,600 SF | Retail | In-Line | Now |
| 1st Floor | 3,000 SF | Restaurant | - | Now |
1st Floor
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $949,462 | |
| Land Assessment | $1,633,315 | Total Assessment | $2,582,777 |
Property Taxes
Parcel Numbers
Land Assessment
$1,633,315
Improvements Assessment
$949,462
Total Assessment
$2,582,777
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
765 Cedar St