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Multi-Lot Retail Development Site
For Sale
$1,987,000

236 Ocean Street Ext, Santa Cruz, CA 95060

Two commercially zoned lots with strong road frontage and existing retail tenants in place through June 2026.

Property SizeContact for details
Days on Market102

Property Features for 236 Ocean Street Ext

General Information

Standard status Active

Additional Details

Road Access Yes
Listing Agency: eXp Realty of California Inc
Listed By: Andrea Silva · License #01751494
Source: Exprealty
Added: Jun 4 Changed: Sep 6 Last Checked: Sep 12 at 11:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc

Investment Insights

Based on property information with market context.

This offering includes two lots with strong road frontage and a commercially zoned land configuration suited to retail activity and future plans. The property is currently income-producing with established retail tenants in place through June 2026. Additional materials provided include AI renderings showing potential development concepts for the site.

The sites high visibility and access are positioned along a major commercial corridor in Santa Cruz, supporting both ongoing retail use and consideration of redevelopment. Prospective buyers should review the provided information and conduct their own investigation regarding zoning and applicable development parameters.

For investors and developers, the current tenant arrangement through June 2026 may support near-term ownership continuity while planning next steps. The commercial zoning is described as allowing a wide range of potential uses, including multifamily development, giving the buyer flexibility to evaluate redevelopment scenarios in addition to continued income generation. Owner-users may also consider the combination of existing retail tenancy and zoning flexibility when evaluating long-term site strategy. Please note: buyers are instructed not to disturb occupants.

Key Highlights

  • Two commercially zoned lots with strong road frontage in Santa Cruz
  • Currently income‑producing with established retail tenants in place through June 2026
  • Zoned C‑N

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Hair Salon Auto Parts Store Pharmacy Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 56% Hotels & Casinos 23% Shops & Services 21%
Denny's Dining
5,941 visits/mo 0.5 miles
Public Storage Shops & Services
2,269 visits/mo 0.3 miles
Hampton Inn Santa Cruz Hotels & Casinos
2,049 visits/mo 0.5 miles
Best Western Inn Hotels & Casinos
355 visits/mo 0.5 miles

Demographics for 95060, CA

47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Storefront property - Two commercially zoned lots with strong road frontage and existing retail tenants in place through June 2026.
Where is this storefront property located?
The property is located at 236 Ocean Street Ext Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,987,000.
What are key features of this property?
This property features: Two commercially zoned lots with strong road frontage in Santa Cruz; Currently income‑producing with established retail tenants in place through June 2026; Zoned C‑N
More about this property
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