For Sale
$1,900,000

236 Ocean StSanta Cruz, CA 95060

Prime Santa Cruz retail land, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Santa Cruz property, located at 236 Ocean St, 95060, presents a significant investment opportunity. Encompassing two parcels totaling approximately 9,853 square feet (6,409 sq ft and 3,444 sq ft) on a 0.226-acre lot, this retail land offers substantial development potential. Currently zoned CN, the property boasts strong existing income with additional space for expansion. According to insights from the Santa Cruz City Planning & Zoning Department, the site permits a minimum of six two-story units, with the possibility of more units and increased height depending on the buyer's plans. Furthermore, the city has indicated that the property qualifies for low-income housing, potentially allowing for a five-story building with no maximum unit limit. The asking price is $1,900,000. Buyer due diligence is recommended. This prime location eliminates the need for on-site parking. The property's versatility and zoning make it an attractive investment for various development scenarios.

Highlights

  • Asking Price: $1,900,000
  • Property Type: Retail and Land, two buildings totaling approximately 9,853 square feet on a 0.226-acre lot
  • Zoning: CN, allowing for significant development potential, including multi-family residential (minimum 6 units, potentially more depending on project specifics and inclusion of low-income housing)
  • Location: 236 Ocean St, Santa Cruz, CA 95060; No on-site parking required.

Property Details for 236 Ocean St

Property type
Retail properties, Land
Square Feet
1 SF
Buildings
2
Lot Size (sq. ft)
9,845 SF

Location Insight

City
Santa Cruz
County
Santa Cruz
State
California
Latitude
36.9708657
Longitude
-122.0169604
236 Ocean St, Santa Cruz, California

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236 Ocean St
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