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Listed by Nick Torres • Sherman & Boone Realtors, DRE#01719985
$ 1,850,000
Est. payment | /mo
2,278 SqFt
$ 1,850,000
Est. payment | /mo
2,278 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $812
MLS Listing ID ML82063300
Year Built 1936
Lot Size 6,534 Sqft
Property Sub-Type Commercial Property
Property Description
703 Pacific Ave presents a compelling investment opportunity in one of Santa Cruzs most strategically positioned areas, located within the South of Laurel (SOLA) Plan area, which provides meaningful long-term development potential while offering investors the benefit of stable in-place income today. Offered at $1,850,000, the property is currently occupied by a long-term tenant, providing reliable cash flow while an investor holds and evaluates the future development possibilities associated with the SOLA designation. This combination of existing income, a proven tenant, prime Santa Cruz location, and substantial long-term development potential creates an attractive opportunity for an investor seeking both current cash flow and future upside.
Location
State CA
County Santa Cruz
Area West Santa Cruz
Zoning CBD-E
Interior
Heating Other
Cooling None
Exterior
Parking Features On Street
Utilities Available Public Utilities
Roof Type Other
Present Use Educational
Building
Story 1
Foundation Concrete Slab
Sewer Sewer Connected
Water Public
Level or Stories 1
Others
Restrictions None
Tax ID 007-021-10-000
Security Features Security Fence
Special Listing Condition Not Applicable
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Pete Ruiz
Team Lead License ID: 01974535