526540 Soquel Avenue
Santa Cruz, CA 95062
Active for $5,900,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 29,622 sqft
| MLS | ML81992548 |
| Year Built | 1938 |
| Property Type | |
| County | Santa Cruz |
| Status | Active |
| Active | $5,900,000 |
| Structure Size | N/A sqft |
| Lot Size | 29,622 sqft |
| Beds | N/A |
| Baths |
Description
The Sullivan Building Complex at 526-540 Soquel Ave & 545 Ocean View Ave is a collection of mid-century Medical, Personal Care and Professional Suites in 4 buildings spread out across three parcels on a prime corner convenient to The Buttery, Shoppers Corner and the other popular boutique shops and restaurants of Mid-Town. The longtime owners have taken great pride in the property with updates and renovations made to many of the interior and exterior components of the buildings through the years. Located in an Opportunity Zone, with access to public transit, the assemblage is eligible for multi-story mixed-use development of high-density residential over street-level retail podium. This is an excellent opportunity for an investor seeking to maximize cap rate with upside potential in rents on some of the larger suites which are currently leased month-to-month, or for a developer with the benefit of existing carrier income during entitlement.
Listing information courtesy of: Datta Khalsa, Main Street Realtors 831-818-0181. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Spartak Kazaryan
REALTOR®
Direct: 424.222.9098
Email: Email Me
DRE: 02049079
DRE #01873088
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