Vacant Victorian Restaurant With
For Sale
$2,549,000
418 Cedar St, Santa Cruz, CA 95060
Restored Victorian offers street-level restaurant space with a wrap-around patio and a 3-bedroom apartment above.
Property Size2,732 SF
Price / SF$933.02
Days on Market97
Property Features for 418 Cedar St
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Business Opportunity
Site & Location
Neighborhood
Downtown
Road Access
Yes
Additional Details
Multifamily Units
1
Building Details
Stories
2
Listing Agency:
Intero Real Estate Services
Listed By:
John Stege · License #01927918
(408) 357-5700
Source:
Myfabuloushome
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 7 at 3:15PM
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 Intero Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Totally restored vacant Victorian building configured with restaurant space on the lower level and a 3-bedroom apartment on the upper level. The restaurant space is 2,088 square feet, and the apartment above is 1,546 square feet.
Located at 418 Cedar St in the heart of downtown Santa Cruz, the property includes a wrap-around patio and is described as having excellent frontage, supporting visibility and street presence.
Located at 418 Cedar St in the heart of downtown Santa Cruz, the property includes a wrap-around patio and is described as having excellent frontage, supporting visibility and street presence.
Key Highlights
- Totally restored vacant Victorian in the heart of downtown Santa Cruz
- Street‑level restaurant space with 2,088 SF
- 3‑bedroom apartment above totaling 1,546 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,446
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,108,920
$2.1M
Cap Rate 7%
$1,506,371
$1.5M
Cap Rate 9%
$1,171,622
$1.2M
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$147.5K $54.00/SF
− Vacancy
−$6.9K −$2.54/SF
EGI
$140.6K $51.46/SF
− OpEx
−$35.1K −$12.87/SF
NOI
$105.4K $38.60/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,108,920
Cap Rate 7%
$1,506,371
Cap Rate 9%
$1,171,622
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,446 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.56M
$1.37M – $1.82M
NOI $109,351 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,964
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 30%
Apparel 14%
Dining 5%
Trader Joe's
Groceries
53,820 visits/mo
0.3 miles
Wells Fargo
Shops & Services
9,361 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,326 visits/mo
0.2 miles
Chevron
Shops & Services
7,019 visits/mo
0.4 miles
Goodwill
Apparel
6,284 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restored Victorian offers street-level restaurant space with a wrap-around patio and a 3-bedroom apartment above.
Where is this conventional restaurant located?
The property is located at 418 Cedar St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,549,000.
What are key features of this property?
This property features: Totally restored vacant Victorian in the heart of downtown Santa Cruz; Street‑level restaurant space with 2,088 SF; 3‑bedroom apartment above totaling 1,546 SF
