1111-1115 Water Street, Santa Cruz, CA 95062
1111-1115 Water Street, Santa Cruz, CA 95062
1111-1115 Water Street, Santa Cruz, CA 95062
1111-1115 Water Street, Santa Cruz, CA 95062
1111-1115 Water Street, Santa Cruz, CA 95062
1111-1115 Water Street, Santa Cruz, CA 95062
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$ 1,695,000
Est. payment | /mo

3,312 SqFt


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$ 1,695,000
Est. payment | /mo
Save

3,312 SqFt

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $511

MLS Listing ID ML82058745

HOA Y/N No

Year Built 1942

Lot Size 0.277 Acres

Property Sub-Type Comm Ind For Sale

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

Zoning CC

Interior

Flooring Concrete, Hardwood

Fireplace No

Exterior

Handicap Access Customized Wheelchair Accessible

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 00924312000

Bridge MLS
Listed by Datta Khalsa • Main Street Realtors

NEARBY SCHOOLS & PROPERTIES

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Roland & Lydia Osage
Roland & Lydia Osage

Agent License ID: 02055089

+1(925) 206-9799

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1111-1115 Water Street