Description
This mixed-use property consists of a 1,555 sq.? ft.? retail single-story building with three fully leased spaces.? The city of Santa Cruz has approved drawings for a 1,804 sq.? ft.? restaurant featuring outside patio dining, two apartment units (A.?) 1,142 sq.? ft.? (B.?) 1,261 sq.? ft.? with a second-floor balcony.? The drawings also include an Electric Vehicle Charging Station and a Bicycle Station in the parking lot.? The property is an extremely rare investment opportunity in a supply-constrained market.? The retail building is divided into three units; three units are occupied by three successful, established tenants, month to month, with below-market rents.? Ample private parking is located on the property.? The 1,555 SF noted is specific to the existing retail building.? The total proposed site coverage will be 5,904 SF.? The proposed restaurant is 1,804 SF.? The new second floor is 2,545 SF.? Seller is willing to negotiate carry.? Please do not disturb tenants.?
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0BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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1,555SQFT
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$1,350$/SQFT
School Ratings & Info
Description
This mixed-use property consists of a 1,555 sq.? ft.? retail single-story building with three fully leased spaces.? The city of Santa Cruz has approved drawings for a 1,804 sq.? ft.? restaurant featuring outside patio dining, two apartment units (A.?) 1,142 sq.? ft.? (B.?) 1,261 sq.? ft.? with a second-floor balcony.? The drawings also include an Electric Vehicle Charging Station and a Bicycle Station in the parking lot.? The property is an extremely rare investment opportunity in a supply-constrained market.? The retail building is divided into three units; three units are occupied by three successful, established tenants, month to month, with below-market rents.? Ample private parking is located on the property.? The 1,555 SF noted is specific to the existing retail building.? The total proposed site coverage will be 5,904 SF.? The proposed restaurant is 1,804 SF.? The new second floor is 2,545 SF.? Seller is willing to negotiate carry.? Please do not disturb tenants.?
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Listing courtesy of Melva Gutierrez of Diamond Properties.