1024 Soquel Ave

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.