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$ 1,695,000
Est. payment /mo
Active
11111115 Water ST Santa Cruz, CA 95062
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82058745
HOA Y/N No
Year Built 1942
Annual Tax Amount $20,340
Lot Size 0.277 Acres
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
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning CC
Interior
Fireplace No
Exterior
Roof Type Composition,Shingle
Building
Story 1
Water Public
Others
Tax ID 00924312000
Security Features Fire Sprinkler System
Virtual Tour https://my.matterport.com/show/?m=NzwnpsvGSaR
Listed by Datta Khalsa Main Street Realtors #01161050