For Sale
$2,795,000

1325 Pacific AveSanta Cruz, CA 95060

Prime Pacific Ave. Storefronts

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Santa Cruz commercial property, located at 1325-1329 Pacific Ave. & 1326-1332 Commerce Lane, presents a rare investment opportunity. Priced at $2,795,000, this 5,044 square foot portfolio comprises two single-story buildings, built in 1930 and renovated in 1973, situated on a 7,884 square foot lot. The property features six units with 100% occupancy under a gross lease, offering immediate cash flow. The main retail section faces Pacific Avenue, a vibrant downtown location, while office/storage space is situated on Commerce Lane. An enclosed courtyard adds unique character. Four parking spaces are available, supplemented by a nearby public parking garage. The property benefits from its prime location in Santa Cruz's central business district (CBD), surrounded by national retailers, major employers like Amazon and Google, and thousands of new residential units under construction. This location enjoys high foot traffic due to its status as a popular tourist destination and proximity to UC Santa Cruz. The property's zoning is CBD. Detailed property information, including a preliminary title report, city records, architectural drawings, and easement map, is available to qualified buyers. This offering is ideal for owner-occupants or investors seeking a stable, high-value asset in a rapidly growing market. The property has been under the same family ownership for a century, a testament to its enduring value. Do not disturb tenants.

Highlights

  • $2,795,000 asking price for a multi-tenant retail storefront.
  • 5,044 square feet on a 7,884 square foot lot in Santa Cruz, CA.
  • Located at 1325 Pacific Ave, in a prime downtown location.
  • Six units, 100% occupied, with a gross lease structure.
  • Two buildings, one story each, built in 1930 and renovated in 1973.
  • Four parking spaces and zoned CBD.

Property Details for 1325 Pacific Ave

Property type
Retail properties, Retail space
Square Feet
5,044 SF
Class
C
Year Built/Renovated
1930/1973
Buildings
2
Stories
1
Units
6

Location Insight

City
Santa Cruz
County
Santa Cruz
State
California
Latitude
36.973903014666
Longitude
-122.02611449985
1325 Pacific Ave, Santa Cruz, California

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1325 Pacific Ave
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