$1,650,000
$1,700,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
3,700 SqFt
SOLD DATE : 01/09/2024
Key Details
Sold Price $1,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $445
MLS Listing ID ML81943887
Sold Date 01/09/24
HOA Y/N No
Year Built 1922
Annual Tax Amount $1,500
Lot Size 0.397 Acres
Acres 0.3969
Property Description
Development opportunity awaits! Two lots, 414 and 416 Soquel Avenue, totaling .40 acres on the corner of Ocean Street, between the Seabright neighborhood and downtown Santa Cruz. Mixed use zoning with increased density potential. Lot 1 currently has a SFR and detached commercial garage. Lot 2 has a historic mixed use retail space with a 5 bedroom apartment above and a series of detached garages. These properties are located in Census Tract 1008 which the city has designated as an opportunity zone, with tax incentives for development. Properties likely to qualify for reduced parking requirements under newly approved AB-2097 and are in close proximity to all the necessities and public means of transportation.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning MXVC - MUVH
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Building
Story 2
Water Public
Others
Tax ID 01005102000
Financing Conventional
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Bought with Yi Ling Cui • CENTURY 21 Real Estate Alliance
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "