1111 Water St, Santa Cruz, CA 95062, USA
1,695,000
Iconic Midtown Opportunity: High-Visibility Commercial Space
** SHOWN BY APPOINTMENT ONLY , PLEASE DO NOT DISTURB TENANTS **
Classic Building on Two Parcels, Ideal for Retail/Restaurant use with Added Potential for Live-Work Space or Full Scale High-Density Development, located in the heart of Midtown, walking distance to the area’s popular Arts & Entertainment, Restaurants, Stores & Boutiques
The parcel’s Community Commercial Zoning provides multiple options for High-Densityl Development, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. These possibilities can be further expanded by combining for a 3-parcel assemblage with the adjacent property at 115 Catalpa St, a 6,273 SF Parcel, Zoned R 1-5, with an existing 1200 SF House, which was recently listed for $1,299,000.
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Disclosures
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Currently configured as a high-end retail showroom, with over $200,000 invested in recent building upgrades and TI buildout, including secondary ADA access, regular and ADA restrooms, high vaulted ceilings, and upscale interior decor. There is an extensive gated back lot that currently provides parking for multiple vehicles, with two rear-facing 8’ roll-up doors providing transition to indoor parking, storage or display for multiple vehicles, with access to the front showroom easily gained.
Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining and private events. It’s also been suggested to keep the front 2000 SF of vaulted showroom in place and add a second story residence to the rear areas of the building to create an art loft or liv-work environment.
Midtown
Midtown Santa Cruz, located along the lively Soquel Avenue and its surrounding neighborhoods, is the beating heart of the city, where locals immerse themselves in a vibrant blend of eclectic shops, diverse eateries, and community events. This dynamic neighborhood is not only known for its historic Del Mar Theatre and a plethora of unique boutiques but also for the iconic Santa Cruz Skatepark, drawing skateboarders from near and far to showcase their skills in its legendary bowl and street course. For those seeking a coastal escape, the nearby Pleasure Point and the Hook offer accessible surfing havens, adding a touch of laid-back surf culture to Midtown's urban landscape. It's a place where you can sip coffee at a local café, explore vintage shops, catch a movie, perfect your skate tricks, and then ride the waves—all within the energetic and ever-evolving spirit of Midtown Santa Cruz.
