CA > Santa Cruz
Santa Cruz, CA 95060,236 Ocean ST
Santa Cruz, CA 95060,236 Ocean ST
Santa Cruz, CA 95060,236 Ocean ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,900,000
Est. payment /mo
9,853 Sqft Lot
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UPDATED:

11/08/2024 11:25 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81957573

HOA Y/N No

Lot Size 9,853 Sqft

Property Description

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

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning CN

Interior

Fireplace No

Exterior

Fence Partial

Present Use Commercial

Building

Water Public

Schools

School District Other

Others

Tax ID 01016518000

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California Regional MLS (CRMLS)
Listed by Paul Zech • Coldwell Banker Realty

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