11111115 Water Street, Santa Cruz, CA 95062
- $1,695,000
- List Price
- $1,695,000
- Status
- ACTIVE
- MLS#
- ML82058745
- Year Built
- 1942
- Lot Size
- 12,081
- Acres
- 0.28
- Days on Market
- 1
- Property Type
- Commercial
Property Description
Classic Building on 2 Parcels, Ideal for Retail/Restaurant use, Potential Live-Work Space or High-Density Redevelopment in the heart of Midtown, walking distance to the areas popular Arts & Entertainment, Restaurants, Stores & Boutiques. Currently configured as a high-end retail showroom. Will be delivered vacant, w/over $200K invested in recent upgrades/TI's, including ADA access, regular & ADA restrooms, high vaulted ceilings & upscale decor. There is a gated back lot with secure parking for multiple vehicles, with 2 rear-facing roll-ups providing transition to indoor parking, storage or vehicle display by connecting to the front showroom. Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining/private events. Its also been suggested to keep the front 2000 SF of vaulted showroom in place and add a 2nd story residence to the rear areas of the building to create a live-work environment. Community Commercial Zoning allows for multi-story High-Density mixed use with parking requirements reduced or removed, plus option to pursue a 3-parcel assemblage w/adjacent 115 Catalpa St, on 6,273 SF Parcel, Zoned R1-5, recently listed for $1,299,000
Additional Information
- Taxes
- $20,340
- Cooling
- Yes
- Roof
- Composition, Shingle
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $99,360
Listing courtesy of Listing Agent: Datta Khalsa (datta@mainstrealtors.com) from Listing Office: Main Street Realtors.
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