thank you
Your email has been sent.
765 Cedar St 8,197 SF Vacant Retail Building Santa Cruz, CA 95060 $3,200,000 ($390.39/SF)
Executive Summary
Located at the southwest corner of Cedar and Walnut Streets in downtown Santa Cruz, this two-story commercial building offers approximately 7,150+ square feet of net leasable space across six versatile units.
The centerpiece of the property is a restaurant space that has undergone significant improvements and is currently vacant, offering an exceptional opportunity for an owner-user or new restaurant operator. The ground floor also includes three additional retail units, two of which are currently vacant, providing flexibility for retail or service-oriented uses.
The two upstairs office suites are currently leased to attorneys, providing existing rental income and a diversified tenant mix. With a prominent downtown location, multiple suites, and significant upside through lease-up of the vacant spaces, 151 Walnut Avenue presents a compelling opportunity for an investor or owner-user seeking a well-located commercial property in the heart of Santa Cruz.
The centerpiece of the property is a restaurant space that has undergone significant improvements and is currently vacant, offering an exceptional opportunity for an owner-user or new restaurant operator. The ground floor also includes three additional retail units, two of which are currently vacant, providing flexibility for retail or service-oriented uses.
The two upstairs office suites are currently leased to attorneys, providing existing rental income and a diversified tenant mix. With a prominent downtown location, multiple suites, and significant upside through lease-up of the vacant spaces, 151 Walnut Avenue presents a compelling opportunity for an investor or owner-user seeking a well-located commercial property in the heart of Santa Cruz.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,197 SF
Building Class
C
Year Built/Renovated
1988/2018
Price
$3,200,000
Price Per SF
$390.39
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.15 AC
Zoning
CBD
Frontage
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,600 SF
- Retail
- In-Line
- Now
- 1st Floor
- 3,000 SF
- Restaurant
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,600 SF | Retail | In-Line | Now |
| 1st Floor | 3,000 SF | Restaurant | - | Now |
1st Floor
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $949,462 | |
| Land Assessment | $1,633,315 | Total Assessment | $2,582,777 |
Property Taxes
Parcel Numbers
Land Assessment
$1,633,315
Improvements Assessment
$949,462
Total Assessment
$2,582,777
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
765 Cedar St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.