1105 Water Street

Santa Cruz, CA 95062

PRICE REDUCED

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-$375,000 (-14.42%)

$2,225,000

List Price

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1963

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Property Description

Sherman and Boone Real Estate proudly presents a fully leased commercial property situated at 1105 Water St. This property features two buildings on a single parcel, boasting a parking lot offering 12 spaces on-site + street parking as well as a Security System in place. Strategically located in Midtown, near Seabright Avenue and Downtown Santa Cruz, the property spans 5,290 square feet, ensuring optimal visibility and high traffic counts. The building is comprised of four great tenants, all who have recently renewed their lease agreements. Community Bridges, a longstanding tenant since 2009, occupies 2,000 square feet, while Habitat for Humanity utilizes 1,840 square feet. State Farm Insurance is in 800 square feet while Surf City Windows & Gutters occupies the remaining 650 square feet. Noteworthy is the property's minimal tenant turnover and the presence of a roof reserve fund, demonstrating prudent ownership. With its prime location and stable tenant base, this commercial property offers an exceptional investment opportunity in Santa Cruz's vibrant market.

Listing Information

List Price $2,225,000
Status Active
MLS ML81954832
HOA $0
Type Commercial
Year Built 1963
Lot Size 11,674
Structure Size N/A
DOM 120
Courtesy Of Sherman & Boone Realtors
Listing Agent Jackie Copriviza DRE#00894586

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Jackie Copriviza, Sherman & Boone Realtors . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.