2015 N Pacific AVE, Santa Cruz, California
2015 N Pacific AVE, Santa Cruz, California 95060 - Rare Offering: Great Development potential! Prime high traffic area location, across the street from the Clock Tower and Light house bank. Per City of Santa Cruz, height restriction is 35', which could/would allow for a building of up to 3 stories. Property Is in the downtown parking district. Highest and Best use for this property, is to develop a multi story building, at or close to the maximum allowable density, including a full 2nd and 3rd floor. This would be complimentary to the neighboring properties, which have been redeveloped over last few years. Retail on bottom and either office or residential condos above. One of the last buildings on the block that has not been redeveloped. Or, you can keep & remodel existing 4000+/- Commercial/Retail building. Currently being rented to long term tenants who have been there for 10+ years. Buildings/properties in this Downtown Santa Cruz location rarely come up for sale.
Listing Courtesy of Raeid Farhat~Raeid Farhat Real Estate