803 Pacific Ave, Santa Cruz, CA 95060

$5,995,000
7,808
SqFt
List Price
$5,995,000
MLS#
ML81765507
Status
ACTIVE
Sqft. of Residence
7,808
Lot Size
10,411
Listing Area
West Santa Cruz
Year Built
1957

Property Description

First time on Market- possibly two of the best parcels in downtown Santa Cruz located in area primed for redevelopment! Corner parcel with over 100 feet of frontage facing the Pacific Garden Mall, which is the main commercial and retail street in Santa Cruz. Additionally, you will find 100 feet of frontage on Laurel Street, which increases the development opportunity. Sale includes both parcels (801 AND 803 Pacific Ave) with nearly $225,000 of existing annual income. KEY FEATURES: Both Parcels in OPPORTUNITY ZONE Over 200 Feet of Street Frontage Hard Corner Parcel New Downtown Plan with upzoning Great Carrier Income Adjacent to Approved Mixed Use Project Within City's parking district, so parking requirements may be met offsite. Existing Tenant Mix includes 7 1 bedroom residential units and 4 commercial units. Commercial tenants include: Taqueria Jalapenos; Bonesios Liquor; and Pacific Gaming. PLEASE do not disturb tenants- thank you.

Additional Information

Acres
0.239
Age
62
Cooling System
Other
Foundation
Concrete Perimeter and Slab
Garage Parking
Varies by Unit
Heating System
Other
Living Area
7,808
Lot Size
10,411
Neighborhood
West Santa Cruz
Other Utilities
Public Utilities
Roof
Other
Sewer
Sewer Connected
Special Features
Other
View
Downtown
Zoning
New Downtown Plan- Commercial

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Derek Timm from Montalvo Homes & Estates

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