Thank you
Paul Zech
Coldwell Banker Realty
831-688-6461
These two parcels have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, quite possibly more units and height increase subject buyers plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Partial
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2262
Lot Size Source: Other
Lot Size Square Feet: 9853
Original List Price: 1,900,000
Listing Contract Date: 2024-03-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 01016522000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: Cross Street: Barson Street
Zoning: CN
Source Property Type: Land
Area: 699 - Not Defined
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
417 High Street, Santa Cruz, CA,95060 | $2,500,000 | 4 | 3 | 3,613 | 12807 Sqft |
5515 Coast Road, Santa Cruz, CA,95060 | $8,000,000 | 2 | 2 | 1,621 | 2789582 Sqft |
207 Wavecrest Avenue, Santa Cruz, CA,95060 | $1,825,000 | 3 | 2 | 2,035 | 6142 Sqft |
215217 Roberts Street, Santa Cruz, CA,95060 | $995,000 | 2 | 2 | 1,338 | 2831 Sqft |
360 Meder Street, Santa Cruz, CA,95060 | $1,750,000 | 3 | 3 | 2,317 | 5009 Sqft |
Bertoli Drive, Santa Cruz, CA,95060 | $349,000 | -- | -- | -- | 941682 Sqft |
839 Riverside Avenue, Santa Cruz, CA,95060 | $1,649,000 | 5 | 4 | 2,612 | 9801 Sqft |
414 California Street, Santa Cruz, CA,95060 | $1,648,800 | 1 | 1 | 650 | 15290 Sqft |
11035 Empire Grade, Santa Cruz, CA,95060 | $649,000 | -- | -- | -- | 431767 Sqft |
1212 W Cliff Drive, Santa Cruz, CA,95060 | $4,150,000 | 4 | 2 | 3,141 | 6795 Sqft |
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ByOwner last updated this listing 05/11/2024 @ 08:59
MLS: ML81957963
LISTED BY: Paul Zech, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.