Property Details
About this Property
1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer to perform due diligence
MLS Listing Information
MLS #
ML81957573
MLS Source
MLSListings, Inc.
Days on Site
249
Lots & Land Information
Development Status
Improvements - Other, Other - Call Listing Agent
Existing Structures
MiscellaneousStructures
Fencing
PartialFencing
Lot Description
Grade - Level
Present Use
Business/Professional, Commercial, Live / Work, Medical/Dental
Utilities
Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Zoning
CN
Contact Information
Listing Agent
Paul Zech
Coldwell Banker Realty
License #: 01965059
Phone: (831) 247-3007
Co-Listing Agent
Jessica Wallace
License #: 01455690
Phone: (831) 419-9345
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
236 Ocean St is in Santa Cruz, CA 95060. This Land is currently priced at $1,900,000. This address can also be written as 236 Ocean St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of November 08, 2024. For the most current information, please contact Paul Zech, (831) 247-3007
