2320 Mission StSanta Cruz, CA 95060

Property Details for 2320 Mission St

Year built

1967

Construction

WOOD

Lot size

0.24 AC

Property type

Retail properties

Property subtype

Community centers

APN

002-216-05

APU

221605

Description

Linda Vista Shopping Center, located at 2330 Mission Street in Santa Cruz, California, presents a compelling investment opportunity in a thriving retail environment. This Class A property, built in 2024, boasts a total of 15,000 square feet across eight individual suites. Currently, approximately 8,540 square feet of retail space is available for lease, offering flexible options ranging from smaller units of 920 square feet to larger spaces up to 6,420 square feet. The center is situated on a 0.78-acre lot in the desirable West Santa Cruz submarket, benefiting from its proximity to the University of California, Santa Cruz (UCSC) and renowned surfing beaches, ensuring high visibility and accessibility. The property features 51 parking spaces and is zoned CC. The Santa Cruz County location, with its strong demographics (an estimated 60,000 residents within a 3-mile radius), provides a robust customer base. The property's APN is 002-216-06, 002-216-05, and 002-216-01. This is an exceptional opportunity for businesses seeking a prime location within a vibrant and growing community. There are no elevators on the property.

• CAP approach

  CAP return

  Valuation

  6%

  $6,765,484

  6.5%

  $6,245,062

  7%

  $5,798,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,378,553

  Geo Method

  $7,378,553

• Alternative Use

  Use

  Valuation

  Residential

  $5,267,944

  Hospitality

  $4,825,408

  Educational

  $4,014,683

  Medical

  $4,152,754

  Retail

  $6,245,062

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Latitude

36.9616

Longitude

-122.047

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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