860 41St Avenue

Santa Cruz, CA 95062

$1,100,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1947

calendar_month Built

Property Description

The former Chill Out Cafe is a standalone legacy building in a prime 'Restaurant Row' location on Lower 41st Ave, Walking distance to the world-class surf of The Hook and Pleasure Point. Immediate neighbors include Verve, Penny Ice Creamery, East Side Eatery, and Zameen, with Mad Yolks coming soon next door. Includes shovel-ready plans, engineering, and entitlements to convert the current facility to a modern takeout cafe, adding 80 SF of refrigerated expansion into the rear patio area. Current owners have recently put over $82K into the property, including $18K Plans, $9K Permits, $14K Engineering, $20K Sewer Lateral, plus $21K Structural and Renovation. Possibilities abound to either build out the proposed expansion using the current plans and permits, or keep it simple and re-open the existing facility with basic upgrades and retrofits. Or go big and pursue a multi-story development with mixed-use second level, subject to finalizing proposed terms of a reciprocal parking agreement with one of the neighboring property owners. Stated rents are based on a pro forma rate of $4.50 per SF/NNN on the existing footprint. This is an incredible opportunity for the forward-minded operator seeking to control their own destiny on a piece of some of the most prime real estate in the County.

Listing Information

List Price $1,100,000
Status Active
MLS ML81992593
HOA $0
Type Commercial
Year Built 1947
Lot Size 1,873
Structure Size N/A
DOM 1
Courtesy Of Main Street Realtors
Listing Agent Datta Khalsa DRE#01161050

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Maps

home_work Nearby Properties

Listing information courtesy of: Datta Khalsa, Main Street Realtors 831-818-0181. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 4th, 2025 at 6:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.