1111-1115 Water ST, Santa Cruz, CA 95062
1111-1115 Water ST, Santa Cruz, CA 95062
1111-1115 Water ST, Santa Cruz, CA 95062
1111-1115 Water ST, Santa Cruz, CA 95062
1111-1115 Water ST, Santa Cruz, CA 95062
1111-1115 Water ST, Santa Cruz, CA 95062
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John Faylor

John Faylor

+1(408) 605-8133
Listed by Datta Khalsa • Main Street Realtors, DRE#01161050
$ 1,695,000
Est. payment | /mo

3,312 SqFt

Save
$ 1,695,000
Est. payment | /mo
Save

3,312 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $511

MLS Listing ID ML82058745

Year Built 1942

Lot Size 0.277 Acres

Property Sub-Type Commercial Property

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

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning CC

Rooms

Other Rooms Office Area, Storage

Interior

Heating Other

Cooling Multi-Zone, Other

Flooring Concrete, Hardwood, Tile

Exterior

Exterior Feature Back Yard, Storage Shed / Structure

Parking Features Attached Garage, Covered Parking, Enclosed, Gate / Door Opener, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition,Shingle

Present Use Retail

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Restrictions None

Tax ID 009-243-12-000

Miscellaneous Open Beam Ceiling,Vaulted Ceiling

Security Features Fire Alarm ,Fire System - Sprinkler,Security Alarm ,Video / Audio System,Other

Special Listing Condition Not Applicable

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John Faylor
John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA 95050

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1111-1115 Water ST