526-540 Soquel Ave, SANTA CRUZ, CA

$5,900,000

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15,185

Square feet

0.68

Acres

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
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
Area East Santa Cruz
City SANTA CRUZ
County Santa Cruz
State CA
Zip Code 95062

Amenities

Utilities Public Utilities
Parking Spaces 24
Is Waterfront No

Interior

Heating Central Forced Air Heat, Gas Heat, Wall Furnace
Cooling No Cooling
Fireplace No
# of Stories 1

Exterior

Roof Rolled Composition, Tar and Gravel Roof, Other Roof
Foundation Concrete Perimeter & Slab, Foundation Pillars

Additional Information

Zoning CC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDatta Khalsa
OfficeMain Street Realtors
Contact Info831-818-0181

Listing Map

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