Commercial Lot Ocean Street Santa Cruz, CA
Hotel, Mixed-use, Service Station, Auto Repair
Marketing description
Prime commercial opportunity on a 15,682 sq. ft. corner parcel in an outstanding location. The existing structure is approximately 1,600 sq. ft. and the site formerly operated as a service station. Underground tanks and impacted soil were removed and remediated, and Phase I & Phase II environmental assessments were completed at that time. This trophy property has seen concept plans over the years for a hotel, a new service station, and other potential uses, offering a compelling canvas for future development. In the meantime, the property generates strong rental income from six (6) different businesses, including a catering truck, all are month to month tenants. Collect income while you plan your next project! Excellent upside and long-term potential. The value is the land, location, zoning, minimal demo/removal
Investment highlights
High volume traffic count, level corner lot on two busy streets, one leads to the Beach Boardwalk and beach, the other to downtown Santa Cruz. Easy access to and from Highway 17 and California Highway 1 (PCH). Very high visibility. We have several other on & off market listings of; three (3) ocean view lots walk to beach, hotels, large 100+ seat restaurant that includes the real estate, multi family, commercial land, mixed-use and a 10 home residential fully entitled project with plans, all in Santa Cruz, Santa Clara & Monterey Counties.
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