526540 Soquel Avenue, Santa Cruz, CA 95062
-
Listed Price :
$5,900,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
-
Year Built :
1938
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Interior Information |
| Cooling Type |
None |
| Heating Type |
Forced Air, Wall Furnace |
Listing Information
| Address |
526540 Soquel Avenue |
| City |
Santa Cruz |
| State |
CA |
| Zip |
95062 |
| County |
Santa Cruz |
| Listing Agent |
Datta Khalsa DRE #01161050 |
| Courtesy Of |
Main Street Realtors |
| List Price |
$5,900,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
29,622 |
| Year Built |
1938 |
Listing information courtesy of: Datta Khalsa, Main Street Realtors. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 17th, 2025 at 6:53 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.
