125 Walnut Ave & 130 Pearl Alley, Santa Cruz, CA 95060

Building Details

Year Built

1939

Listing office Cushman & Wakefield Monterey

Listing date Sep 10, 2022

Source Crexi

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Overview

This two-story building, encompassing 17,319 square feet, is currently 97% leased. It is situated in downtown Santa Cruz, surrounded by a dense retail area. The location is near several mixed-use redevelopment projects. The property offers immediate stable cash flow, with potential for increased value. Downtown Santa Cruz is experiencing growth, with several large-scale market-rate multifamily and hotel developments planned or under construction within the next two years. The Santa Cruz Warriors are in the design phase of developing a permanent arena in the South of Laurel District of Downtown. This property presents a chance to own a building in Downtown Santa Cruz.

Suggested Use

Barber Shop Auto Parts Store Pharmacy HVAC Service Pet Grooming Service Grocery & Convenience Store Mobile Phone Store Pet Store Pet Store & Service Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Santa Cruz

County

Santa Cruz

State

California

Longitude

-122.026755

Latitude

36.9731278

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FAQs

What type of property is this?

Retail space - Two-story, 97% leased building in downtown Santa Cruz.

Where is this retail space located?

The property is located at 125 Walnut Ave & 130 Pearl Alley Santa Cruz, CA.

What is the asking price?

The asking price for this property is $4,975,000.

What are key features of this property?

This property features: 97% leased, providing immediate stable cash flow; Located in Downtown Santa Cruz, a growing area with significant redevelopment projects underway; Rare opportunity to own a building in Downtown Santa Cruz, where properties trade infrequently