806 Ocean St Santa Cruz, CA 95060

Building Details

Year Built

1981

Listing agency Keller Williams Santa Cruz/ Santa Cruz Real Estate Group,Inc. i***@theportolagroup.com Show Phone

Listed by The Portola Group · License #70010159 Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 10 at 1:18PM Checked: Jul 21 at 6:45AM

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Investment Insights

Based on property information with market context.

Located in the rapidly evolving Ocean St. corridor, this property presents a development opportunity in Santa Cruz. The site spans just under a half acre and features MU-VH zoning. Developers can leverage State Density Bonus Laws to exceed traditional caps. The zoning allows for a strategic blend of high-density residential and visitor-serving commercial uses. A current lease is in place to offset holding costs during the entitlement phase. The location offers direct access to Highway 17 and Highway 1 and is within walking distance of the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk. The bike score is 85, indicating it is very bikeable. The walk score is 90, designating it as a walker's paradise. The transit score is 47, indicating some transit options are available.

Key Highlights

• Premier development opportunity in Santa Cruz's rapidly evolving Ocean St. corridor with MU‑VH zoning.
• Potential to exceed traditional density caps using State Density Bonus Laws for a high‑yield project.
• Current lease in place to offset holding costs during the entitlement phase.

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FAQs

What type of property is this?

Commercial land - Premier development site in Santa Cruz's evolving Ocean St. corridor.

Where is this commercial land located?

The property is located at 806 Ocean St Santa Cruz, CA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Premier development opportunity in Santa Cruz's rapidly evolving Ocean St. corridor with MU‑VH zoning.; Potential to exceed traditional density caps using State Density Bonus Laws for a high‑yield project.; Current lease in place to offset holding costs during the entitlement phase.