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    OFF-MARKET
    Retail properties & Spaces

    1520 Commercial Way, Santa Cruz, CA 95065

    4,160 SF 0.63 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional net-leased restaurant property at 1520 Soquel Dr., Santa Cruz, CA 95065, presents a rare investment opportunity in Santa Cruz County. Boasting 4,160 square feet on a 0.625-acre lot, this single-story building was completely rebuilt in 2024, featuring all new systems including electrical, plumbing, mechanical, siding, storefronts, windows, roof, equipment, and finishes. The property benefits from a highly visible location directly across from a regional hospital with over 1,500 employees and 96,000 patients served annually, ensuring high traffic and strong potential for success. The property includes 45 parking spaces and is zoned C-2. The building features a 2,360 sq ft remodel to suit a tenant, and the property is secured by a 10-year firm lease with built-in rent increases for both tenants. This presents a compelling investment opportunity with high barriers to entry, situated conveniently off Highway 1. The APN is 025-071-20.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2024
    Total area 4,160 SF
    Lot 0.63 ac (27,225 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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