1105 Water St Santa Cruz, CA 95062

This exceptional investment opportunity presents a fully leased commercial property at 1105 Water St, Santa Cruz, CA 95062. The property consists of two buildings totaling 5,260 square feet on an 11,674 square foot lot, zoned C-4 (Commercial). Built in 1965 with an addition in 1985, the property boasts 12 on-site parking spaces, plus street parking, and a security system. The property enjoys a prime Midtown location near Seabright Avenue and Downtown Santa Cruz, ensuring high visibility and traffic. Currently, four tenants occupy the space: Community Bridges (2,000 sq ft), Habitat for Humanity (1,840 sq ft), State Farm Insurance (800 sq ft), and Surf City Windows & Gutters (650 sq ft). All tenants recently renewed their leases, indicating a stable tenant base with minimal turnover. A roof reserve fund is in place. The property offers a 5.03% cap rate and a net operating income (NOI) of $112,093.20, with an asking price of $2,250,000. The APN is 009-243-26-000. This presents a compelling investment opportunity in Santa Cruz's thriving commercial market.