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Listed by Datta Khalsa • Main Street Realtors
$1,695,000
Est. payment /mo
3,312 SqFt
New
1111-1115 Water Street Santa Cruz, CA 95062
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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
Source Datashare MLSListings
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
Interior
Flooring Concrete, Hardwood
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Water Public
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