270 SOQUEL AVE Santa Cruz CA 95062-2304

Ow Commercial is pleased to present 270 Soquel Avenue in Santa Cruz for sale. This property features a +/- 2,300 square foot commercial building) on a +/- 10,237 square foot land parcel located on Soquel Avenue, a highly trafficked thoroughfare, and within close proximity to downtown Santa Cruz and Ocean Street, one of the busiest streets in the region. There are numerous mixed use projects with hundreds of residential units slated for development within close proximity. The single story commercial building has been used as a restaurant for the past 40+ years. There was a fire at the building and the interior was professionally taken down to the studs. The interior can be rebuilt to the new owners specifications. This property offers a rare opportunity for owner-users or developers to acquire a well located commercial building in a prime Santa Cruz location; it is ideal for an owner-user to remodel to their own specifications or for a developer looking for a prime location in Santa Cruz for a new project.

Location, Location, Location - Excellent Santa Cruz location with great visibility on highly trafficked Soquel Avenue (15,328 ADT) with close proximity to Ocean Street (19,099 ADT) and Highways 1, 9, and 17. The property is also within very close proximity and walking distance to all of the amenities and hundreds of new residential units recently built and in the process of being built in Downtown Santa Cruz.

First Time on the Market in 50 Years - The same family has owned this property for 50+ years and it is the first time hitting the market in many decades.

Long Term History of Successful Restaurants – Many successful restaurants have operated in this building over the past 50 years and a large in-ground grease trap remains in place.

Demographics – Santa Cruz is a densely populated, affluent, and well-educated coastal community. Within a 5 mile radius of the property the population is approximately 120,324 and the median household income is $99,013.

Future Development Potential - The property is zoned Community Commercial (C-C) and has the potential to be redeveloped into a taller and denser mixed use project in the future.

redeveloped into a taller and denser mixed use project