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$ 1,850,000
Est. payment | /mo
6,534 Sqft Lot
$ 1,850,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063300
HOA Y/N No
Year Built 1936
Lot Size 6,534 Sqft
Property Description
703 Pacific Ave presents a compelling investment opportunity in one of Santa Cruzs most strategically positioned areas, located within the South of Laurel (SOLA) Plan area, which provides meaningful long-term development potential while offering investors the benefit of stable in-place income today. Offered at $1,850,000, the property is currently occupied by a long-term tenant, providing reliable cash flow while an investor holds and evaluates the future development possibilities associated with the SOLA designation. This combination of existing income, a proven tenant, prime Santa Cruz location, and substantial long-term development potential creates an attractive opportunity for an investor seeking both current cash flow and future upside.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning CBD-E
Interior
Cooling None
Fireplace No
Exterior
Roof Type Other
Building
Story 1
Water Public
Others
Tax ID 00702110000
Listed by Nick Torres Sherman & Boone Realtors #01719985
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