1111-1115 Water ST, Santa Cruz, CA 95062

$1,695,000

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Listed by Datta Khalsa, 831-818-0181 from Main Street Realtors
(If provided) CoList: Gregg Camp from Property In Santa Cruz

List Price
$1,695,000
MLS#
ML82058745
Status
ACTIVE
Lot Size
12,081
Listing Area
East Santa Cruz
Year Built
1942

Property Description

Classic Building on 2 Parcels, Ideal for Retail/Restaurant use, Potential Live-Work Space or High-Density Redevelopment in the heart of Midtown, walking distance to the areas popular Arts & Entertainment, Restaurants, Stores & Boutiques. Currently configured as a high-end retail showroom. Will be delivered vacant, w/over $200K invested in recent upgrades/TI's, including ADA access, regular & ADA restrooms, high vaulted ceilings & upscale decor. There is a gated back lot with secure parking for multiple vehicles, with 2 rear-facing roll-ups providing transition to indoor parking, storage or vehicle display by connecting to the front showroom. Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining/private events. Its also been suggested to keep the front 2000 SF of vaulted showroom in place and add a 2nd story residence to the rear areas of the building to create a live-work environment. Community Commercial Zoning allows for multi-story High-Density mixed use with parking requirements reduced or removed, plus option to pursue a 3-parcel assemblage w/adjacent 115 Catalpa St, on 6,273 SF Parcel, Zoned R1-5, recently listed for $1,299,000

Additional Information

Amenities
Open Beam Ceiling, Vaulted Ceiling
Cooling System
Multi-Zone, Other
Floor Covering
Concrete, Hardwood, Tile
Foundation
Concrete Slab
Garage Parking
Attached Garage, Covered Parking, Enclosed, Gate / Door Opener, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking
Heating System
Other
Lot Size
12,081
Neighborhood
East Santa Cruz
Other Rooms
Office Area, Storage
Other Utilities
Public Utilities
Present Use
Retail
Roof
Composition, Shingle
Sewer
Sewer - Public
Zoning
CC

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Calculator source: Real Geeks

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