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501 Cedar St 4,000 SF Vacant Office Building Santa Cruz, CA 95060 $1,750,000 ($437.50/SF)
INVESTMENT HIGHLIGHTS
- Corner Parcel
- On-Site Parking
EXECUTIVE SUMMARY
Two-story downtown building located at the corner of Cedar and Elm. Building has approved plans to convert the upstairs to residential with retail or restaurant on the ground floor. A rarity in downtown Santa Cruz with 7 on-site parking spaces. Each level is 2,000 sf with a total of 4,000 sf of existing building. Parcel totals 6,750 sf.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,000 SF
Building Class
C
Year Built
1982
Price
$1,750,000
Price Per SF
$437.50
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Slab To Slab
8’
Building FAR
1.15
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Office
Parking
10 Spaces (2.5 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
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Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 005-148-05-000 | Improvements Assessment | $446,208 |
| Land Assessment | $892,415 | Total Assessment | $1,338,623 |
PROPERTY TAXES
Parcel Number
005-148-05-000
Land Assessment
$892,415
Improvements Assessment
$446,208
Total Assessment
$1,338,623
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501 Cedar St
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