First time on Market- possibly two of the best parcels in downtown Santa Cruz located in area primed for redevelopment! Corner parcel with over 100 feet of frontage facing the Pacific Garden Mall, which is the main commercial and retail street in Santa Cruz. Additionally, you will find 100 feet of frontage on Laurel Street, which increases the development opportunity. Sale includes both parcels (801 AND 803 Pacific Ave) with nearly $225,000 of existing annual income. KEY FEATURES: Both Parcels in OPPORTUNITY ZONE Over 200 Feet of Street Frontage Hard Corner Parcel New Downtown Plan with upzoning Great Carrier Income Adjacent to Approved Mixed Use Project Within City's parking district, so parking requirements may be met offsite. Existing Tenant Mix includes 7 1 bedroom residential units and 4 commercial units. Commercial tenants include: Taqueria Jalapenos; Bonesios Liquor; and Pacific Gaming. PLEASE do not disturb tenants- thank you.
|LAST UPDATED||8/21/2019||YEAR BUILT||1957|
|COMMUNITY||West Santa Cruz||COUNTY||Santa Cruz|
|STATUS||Active||PROPERTY TYPE(S)||Commercial Multi-Residential (5+ units)|
|ADDITIONAL LISTING INFO||Not Applicable|
|FOUNDATION||Concrete Perimeter and Slab|
|GARAGEPARKINGSPACES||Varies by Unit|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|LISTING SERVICE||Full Service|
|METERS||Master Electric, Master Gas, Master Water|
|NUMBER OF BUILDINGS||3|
|SEWER SEPTIC||Sewer Connected|
|SUBCLASS||Five or More Units|
|ZONING TEXT||New Downtown Plan- Commercial|
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