Hotel, Gas Station, Multi Unit in Santa Cruz, CA
Commercial & Versatile on Ocean St. Surf City USA
Marketing description
Iconic Ocean Street property sitting at the busy corners of Ocean St. and Soquel Ave. Property zoning: MUVS High Density (mixed use visitor serving). The property visibility and traffic volume at this intersection may be one of the highest in the city. 433 Ocean Street as it is today, generates approximately $9,000.00 per month from five (5) small businesses including mobile tenants such as catering truck and an RV storage parking fee in rear of property. The income is a plus while the new owner plans the future of this great location. Land-banking this is another thought as the ongoing developments in Santa Cruz will likely keep increasing the value. The property has so many opportunities that it could and should be. At one time there was a "76" gas station here. The tanks and cleanup required was completed. Entrepreneur & developers can look at this property and visualize what could work very well adding to the ongoing building renaissance occurring throughout Santa Cruz today and for the future. We currently have a fair number of commercial properties both on and off market. This property is generating a $10K-$12K monthly income that could continue while the buyer goes through the development process.
Investment highlights
- Outstanding location at a 4 way traffic light
- 19,000+ cars daily traffic count at this intersection
- Primary artery access point to the Santa Cruz Beach Boardwalk
- On major bus line, parking is not required for multi family use
- Great location for hotel, gas station student housing & so much more
Rare commercial lot available, two ingress/egress one from Ocean St. and from Soquel Ave; level lot, high traffic count. This property can host many types of structures/businesses because of its zoning. building easy demo access if and when ready.
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