1325 Pacific Ave Santa Cruz, CA 95060

Property Details for 1325 Pacific Ave

Year built

1930

Property size

5,044 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Santa Cruz commercial property, located at 1325-1329 Pacific Ave. & 1326-1332 Commerce Lane, presents a rare investment opportunity. Priced at $2,795,000, this 5,044 square foot portfolio comprises two single-story buildings, built in 1930 and renovated in 1973, situated on a 7,884 square foot lot. The property features six units with 100% occupancy under a gross lease, offering immediate cash flow. The main retail section faces Pacific Avenue, a vibrant downtown location, while office/storage space is situated on Commerce Lane. An enclosed courtyard adds unique character. Four parking spaces are available, supplemented by a nearby public parking garage. The property benefits from its prime location in Santa Cruz's central business district (CBD), surrounded by national retailers, major employers like Amazon and Google, and thousands of new residential units under construction. This location enjoys high foot traffic due to its status as a popular tourist destination and proximity to UC Santa Cruz. The property's zoning is CBD. Detailed property information, including a preliminary title report, city records, architectural drawings, and easement map, is available to qualified buyers. This offering is ideal for owner-occupants or investors seeking a stable, high-value asset in a rapidly growing market. The property has been under the same family ownership for a century, a testament to its enduring value. Do not disturb tenants.