Two Story Retail & Office In The Heart of Downtown

Two Story Retail & Office In The Heart of Downtown

Introducing a prime investment or owner-user opportunity in the heart of Downtown Santa Cruz, California. This exceptionally maintained property comprises a ±10,204 SF building featuring three units, offering lucrative potential in the retail sector. Built in 1980 and zoned for Central Business District (CBD), the property provides a solid foundation for long-term commercial success.

Currently 100% occupied and professionally managed, this asset offers immediate value and steady income. Its location on Pacific Avenue is central to Santa Cruz’s shopping, dining, and cultural destinations, providing unmatched pedestrian foot traffic. This highly sought-after area is a compelling choice for those seeking a prestigious and profitable commercial property investment.

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Property features

• Prime Downtown Location - Situated in the heart of Downtown Santa Cruz, ensuring high visibility and foot traffic. ‍
• Fully Leased Asset - 100% occupancy across 3 units provides immediate stability and income.
• ‍Strong Financial Performance - Delivers $210,192.83 in Net Operating Income (Annual NOI).
• ‍Flexible Investment Strategy - Ideal for an investor seeking passive income or an owner-user looking for a high-profile location.
• ‍CBD Zoning - Flexible Central Business District designation supports a wide range of retail, office, and medical uses with potential 2nd-level residential conversion.‍
• Professional Management - The property is currently professionally managed and in excellent condition, minimizing the immediate burden on a new owner.
• ‍Premium Utility & Construction - Elevator-served, sprinklered, and plenty of power (800amps) - Constructed by Barry Swenson Builders‍
• Owner-User or Development Opportunity - 5,000sf of office becoming available on December 1, 2026. May also be converted into Multi-Unit Residential.