About 526-540 Soquel Ave
The Sullivan Building Complex at 526-540 Soquel Ave & 545 Ocean View Ave is a collection of mid-century Medical, Personal Care and Professional Suites in 4 buildings spread out across three parcels on a prime corner convenient to The Buttery, Shoppers Corner and the other popular boutique shops and restaurants of Mid-Town. The longtime owners have taken great pride in the property with updates and renovations made to many of the interior and exterior components of the buildings through the years. Located in an Opportunity Zone, with access to public transit, the assemblage is eligible for multi-story mixed-use development of high-density residential over street-level retail podium. This is an excellent opportunity for an investor seeking to maximize cap rate with upside potential in rents on some of the larger suites which are currently leased month-to-month, or for a developer with the benefit of existing carrier income during entitlement.
Features of 526-540 Soquel Ave
MLS® # | ML81992548 |
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Price | $5,900,000 |
Square Footage | 15,185 |
Square Footage | Other |
Acres | 0.68 |
Year Built | 1938 |
Type | Common Interest |
Sub-Type | Commercial Property |
Status | Active |
Community Information
Address | 526-540 Soquel Ave |
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Area | East Santa Cruz |
City | SANTA CRUZ |
County | Santa Cruz |
State | CA |
Zip Code | 95062 |
Amenities
Utilities | Public Utilities |
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Parking Spaces | 24 |
Is Waterfront | No |
Interior
Heating | Central Forced Air Heat, Gas Heat, Wall Furnace |
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Cooling | No Cooling |
Fireplace | No |
# of Stories | 1 |
Exterior
Roof | Rolled Composition, Tar and Gravel Roof, Other Roof |
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Foundation | Concrete Perimeter & Slab, Foundation Pillars |
Additional Information
Zoning | CC |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Datta Khalsa |
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Office | Main Street Realtors |
Contact Info | 831-818-0181 |