These two parcels have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, quite possibly more units and height increase subject buyers plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended.
ML81957963
Land, Other
Santa Cruz
0.2262
Acres
Public
Public Sewer
Commercial
School Information
Other
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- CN
- Fence
- Partial
- Additional Exterior/Lot Features
- Level.
Financial Considerations
01016522000
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