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Listed by The Portola Group • KW Thrive Santa Cruz, DRE#70010159
$2,775,000
Est. payment /mo
6,508 SqFt
Price Dropped by $175K
806 Ocean ST Santa Cruz, CA 95060
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 6,508 sqft
Price per Sqft $426
MLS Listing ID ML82032670
Year Built 1981
Lot Size 0.465 Acres
Property Sub-Type Commercial Property
Property Description
Positioned at the epicenter of the rapidly evolving Ocean St. corridor, 806 Ocean represents a premier development opportunity in Santa Cruzs most aggressive growth zone. Spanning just under a half acre with the highly coveted MU-VH zoning, this property is a blank canvas perfectly situated to benefit from the massive infrastructure and residential investments currently transforming the citys gateway. Developers can leverage State Density Bonus Laws to exceed traditional caps, creating a high-yield, flagship project that mirrors the 5 & 6 story developments rising on neighboring blocks. This rare zoning allows for a strategic blend of high-density residential and lucrative visitor-serving commercial uses. Beyond its development potential, 806 Ocean offers a de-risked transition for investors, with a current lease in place to offset holding costs during the entitlement phase. The sites location is unrivaled for connectivity, offering direct access to Highway 17 and Highway 1 while remaining walking distance to the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk. As Santa Cruz shifts toward a transit-oriented future, this site stands as the next logical domino to fall in a high-yield corridor. Secure the chance to shape the skyline of a neighborhood being reborn.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Zoning MU-VH
Interior
Heating Forced Air
Cooling Central Forced Air - Gas
Exterior
Parking Features Assigned Spaces, Guest / Visitor Parking
Utilities Available Natural Gas
Roof Type Metal
Present Use Retail
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 008-331-48-000
Security Features Video / Audio System
Special Listing Condition Not Applicable
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