Vacant lot on corner of Cayuga St & Soquel Ave in the heart of the desirable Seabright neighborhood of Santa Cruz. Huge development opportunity, with potential for increased density. Current approvals for multi-family development with first story commercial. Approval of a minor variation to increase the height to 40, which allows for the potential of ADUs. Probable project to add significant increased density potential with AB-2097, while reducing parking requirements. Additionally, this property is located in census tract 1010, which the City of Santa Cruz has designated as an Opportunity Zone- tax incentives for investment designed to spur growth. This is a rare opportunity for an approved development project in the Seabright area- centrally located to Seabright beach, Downtown Santa Cruz, and Pleasure point area. Walking distance to restaurants, shopping, coffee, grocery stores, post office, with abundant public transportation in close proximity.
1024 Soquel Ave, Santa Cruz, CA 95062