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501 Cedar St 4,000 SF 100% Leased Office Building Santa Cruz, CA 95060 $1,650,000 ($412.50/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
$1,650,000
Price Per SF
$412.50
Percent Leased
100%
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
1 1
Walk Score®
Walker's Paradise (98)
Property Taxes
| Parcel Number | 005-148-05-000 | Improvements Assessment | $464,234 |
| Land Assessment | $928,469 | Total Assessment | $1,392,703 |
Property Taxes
Parcel Number
005-148-05-000
Land Assessment
$928,469
Improvements Assessment
$464,234
Total Assessment
$1,392,703
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501 Cedar St
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