907 River StSanta Cruz, CA 95060

Property Details for 907 River St

Year built

1934

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

1,148 SF

Property type

Auto shops

APN

008-161-08

APU

816108

Description

This exceptional Santa Cruz commercial property, located at 907/909 River Street, presents a unique investment or owner-user opportunity. The property consists of two buildings totaling 1,148 square feet on a substantial 8,721 square foot lot zoned CC. Built in 1934, this single-story Class C property features a 12-foot ceiling height and is currently configured as a flex space, ideal for a variety of commercial uses. The property is offered as a gross lease with a single tenancy. The listing includes two separate APNs: 008-161-08 and 008-161-07, and is held under a trust ownership. Significant improvements include a recently upgraded, city-approved sewer line. While the net rentable square footage is 1,448 square feet, the substantial lot size offers considerable development potential. The absence of gas pumps and loading docks should be noted. This prime location in Santa Cruz, CA (zip code 95060) offers excellent potential for redevelopment or expansion, making it an attractive proposition for discerning investors or owner-occupiers seeking a versatile commercial space. The adjacent property at 915 River Street is also available for purchase, presenting an opportunity to acquire an even larger contiguous parcel. Asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $693,555

  6.5%

  $640,204

  7%

  $594,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $806,876

  Geo Method

  $806,876

• Alternative Use

  Use

  Valuation

  Residential

  $540,036

  Hospitality

  $494,670

  Educational

  $411,560

  Medical

  $425,714

  Retail

  $640,204

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Latitude

36.9862

Longitude

-122.03

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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