Details - Information last confirmed on December 7, 2020

Redevelopment Opportunity in Santa Cruz County! [ external link ]

Santa Cruz County has little, if any, available land for new developments or redevelopment, resulting in scarcity for new retail, commercial or multi-family residential developments.
The parcel is zoned C-1 which allows for a Mixed-Use Commercial/Residential neighborhood development. One of the allowed uses under the C-1 Zoning is for a Multi-family Residential as a mixed use up to 50% of the floor area. Possible Wine / Winery Tasting Room, Brewery / Pub. See Santa Cruz Planning Chapter 13.10.331

Currently, there are 4 buildings consisting of 8900 ± square foot of lease space with multiple existing tenants and some vacancies. There is ample parking and signage space. The site has approximately 1 acre of the 1.93 acres undeveloped.
The parcel is located on a throughway on the corner of Freedom Blvd. and Corralitos Road with 400+ feet of frontage. It is a busy corridor that provides great access to Aptos, Corralitos and Watsonville. Located just 5 minutes from Highway 1 and Watsonville Airport.

The is area is under-served in both commercial retail/services and residential housing.
The demographics support the need for this growth and the and the ability to sustain the growth.
This is a pristine corner lot with 4 freestanding buildings with multiple tenants on just under 2 acres. Currently, there is 8,995 square foot of lease space.The C1 Zoning allows for plenty of expansion. It also currently has ample parking for customers and visible signage.
There are prior approved plans for a 15,000 square foot commercial development available.
The property has a transit stop with over 84,000 square feet of land for redevelopment.The highest and best use would most likely be for a mixed use of Commercial/Residential (i.e: Apartment units over the commercial businesses).

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.