Sherman and Boone Real Estate proudly presents a fully leased commercial property situated at 1105 Water St. This property features two buildings on a single parcel, boasting a parking lot offering 12 spaces on-site + street parking as well as a Security System in place. Strategically located in Midtown, near Seabright Avenue and Downtown Santa Cruz, the property spans 5,290 square feet, ensuring optimal visibility and high traffic counts. The building is comprised of four great tenants, all who have recently renewed their lease agreements. Community Bridges, a longstanding tenant since 2009, occupies 2,000 square feet, while Habitat for Humanity utilizes 1,840 square feet. State Farm Insurance is in 800 square feet while Surf City Windows & Gutters occupies the remaining 650 square feet. Noteworthy is the property's minimal tenant turnover and the presence of a roof reserve fund, demonstrating prudent ownership. With its prime location and stable tenant base, this commercial property offers an exceptional investment opportunity in Santa Cruz's vibrant market.
MLS# | ML81954832 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1963 |
Days On Site | 214 |
Listing Provided By | Sherman & Boone Realtors 831-464-5050 | Jackie Copriviza |
SQ Feet | 5,290 |
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Story(s) | 1 |
Zoning | C-4 (Commercial) |
Acreage | 0.27 |
State | CA |
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County | Santa Cruz |
City | Santa Cruz |
Zip Code | 95062 |
Area | 699 Not Defined |
Listing VS Median (in 95062) | |
Price: $2,225,000 low | high Med: $1,299,500 SqFt: 5,290 low | high Med: 1,552 $ / SqFt: $421 low | high Med: $857 On Site: 214 low | high Med: 495.500000 |