1325 Pacific Ave, Santa Cruz, CA 95060 For Sale

First time on the market! The property has been owned by same family for the last 100 years. This property is located in the prime area of Pacific Ave. – in the center of it all. There is a retail section facing Pacific Ave., and office/storage facing Commerce Ln. In the middle of the property is an enclosed courtyard. Behind the property is a public parking garage. This offering is ideal for an owner-occupant specializing in retail, or an investor who desires to own a Pacific Ave. building. Buildings in this section of Pacific Ave. seldom come to market. Most are kept in the family for generations; a testimony to the strong value of downtown Santa Cruz commercial real estate.

Downtown Santa Cruz is enjoying a significant transition as over 1300 new housing units are in the process of being built and leased. It is widely known as a destination tourist attraction, and benefits from the nearby UCSC student population. There are thousands of new residents moving to downtown Santa Cruz. Amazon rents 40,000 SF of office space at the famous Cooper House right down the street from the Property, and a few doors down the Rittenhouse Building is home to Looker, now owned by Google. Kaiser Permanente is on the same block in the Cooper House, occupying over 20,000 SF. There are several national retailers in proximity, including URBN, Trader Joes, Verizon, the Gap, and many more.