223 River StSanta Cruz, CA 95060

Property Details for 223 River St

Year built

1976

Construction

TILT-UP CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

4,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

006-511-02

APU

651102

Description

This exceptional office space, located at 223 River St, Santa Cruz, CA 95060, offers 2,000+ square feet of usable area in a single-tenant building. Situated on a high-traffic corner near N Pacific Ave, this property boasts a convenient location with easy access to downtown Santa Cruz, the Westside, and major highways. Built in 1976, the two-story building (4,000 total square feet) is zoned CC (Santa Cruz County APN: 006-511-02-000) and features ample natural light, enhancing the professional atmosphere. The space includes private restrooms and a convenient breakroom for employee use. On-site parking is available, eliminating the need for off-street parking searches. The landlord is open to dividing the space, offering flexibility for potential tenants. Rent concessions are available for long-term lease agreements. This traditional office space also offers executive office suite potential, making it an ideal location for a variety of businesses. The property's unique features and prime location make it a highly desirable opportunity in the competitive Santa Cruz commercial real estate market. This is a rare opportunity to secure a well-maintained, functional office space in a thriving area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,422,374

  6.5%

  $1,312,961

  7%

  $1,219,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,115,640

  Geo Method

  $1,115,640

• Alternative Use

  Use

  Valuation

  Residential

  $1,628,071

  Hospitality

  $1,491,304

  Educational

  $1,240,748

  Medical

  $1,283,419

  Retail

  $1,930,052

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Latitude

36.979

Longitude

-122.028

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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