For Sale
$4,610,000

1520 Commercial WaySanta Cruz, CA 95065

Prime location, high visibility, 4,160 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional net-leased restaurant property at 1520 Soquel Dr., Santa Cruz, CA 95065, presents a rare investment opportunity in Santa Cruz County. Boasting 4,160 square feet on a 0.625-acre lot, this single-story building was completely rebuilt in 2024, featuring all new systems including electrical, plumbing, mechanical, siding, storefronts, windows, roof, equipment, and finishes. The property benefits from a highly visible location directly across from a regional hospital with over 1,500 employees and 96,000 patients served annually, ensuring high traffic and strong potential for success. The property includes 45 parking spaces and is zoned C-2. The building features a 2,360 sq ft remodel to suit a tenant, and the property is secured by a 10-year firm lease with built-in rent increases for both tenants. This presents a compelling investment opportunity with high barriers to entry, situated conveniently off Highway 1. The APN is 025-071-20.

Highlights

  • Rare Santa Cruz County net-leased investment with high barriers to entry.
  • High-visibility location at the Highway 1 off-ramp.
  • Ten-year, firm lease terms with built-in rent increases for both tenants.
  • Across from a major regional hospital employing over 1,500 and serving 96,000 patients annually.

Property Details for 1520 Commercial Way

Property type
Retail properties, Restaurants
Square Feet
4,160 SF
Year Built
2024
Stories
1
Lot Size (sq. ft)
27,225 SF

Location Insight

City
Santa Cruz
County
Santa Cruz
State
California
Latitude
36.9881579
Longitude
-121.9841545
1520 Commercial Way, Santa Cruz, California

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1520 Commercial Way
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