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Listed by Frank C. Oliver • Oliver Group
$ 2,988,000
Est. payment | /mo
0.86 Acres Lot
$ 2,988,000
Est. payment | /mo
0.86 Acres Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81972435
Lot Size 0.859 Acres
Property Sub-Type Other Commercial Land
Property Description
1600 Brommer Street is situated in the heart of Midtown Santa Cruz, a vibrant & walkable neighborhood that seamlessly blends residential charm with commercial vitality. This area is renowned for its eclectic mix of local businesses, cafes, & cultural venues, making it an ideal spot for a mixed-use development that caters to both residents & visitors. Site proposal offers 58 residential units (studios, 1BR, 2BR plus VLI units) & 4,793 SF ground-floor commercial w/ underground parking. Modern 4-story design w/ 87 structured parking spaces, private balconies, rooftop terraces, courtyard & public plaza. Zoned C-1 on a 0.86-acre lot w/ 100,843 SF total area. Bonus density approved w/ height, parking & use concessions. Walk Score 84, Bike Score 100. Close to beach, harbor, parks, dining & transit. High-demand rental market. Strong investor appeal. Price structured at present value & condition; as Seller reaches benchmark goals, price will adjust accordingly.
Location
State CA
County Santa Cruz
Area Live Oak
Zoning C-1
Exterior
Fence Chain Link, Fenced, Fenced Back, Fenced Front, Gate
Utilities Available Electricity - On Site, Gas - Available at Street, Public Utilities
Building
Lot Description Grade - Level
Sewer Sewer - Public, Sewer Available
Water Individual Water Meter, Public, Water On Site
Others
Restrictions None
Tax ID 026-311-22-000
Horse Property No
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896