806 Ocean ST, Santa Cruz, CA 95060
806 Ocean ST, Santa Cruz, CA 95060
806 Ocean ST, Santa Cruz, CA 95060
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Joel Martinez

Joel Martinez

Listed by The Portola Group • KW Thrive Santa Cruz, DRE#70010159
$2,950,000
Est. payment /mo
6,508 SqFt
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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 6,508 sqft

Price per Sqft $453

MLS Listing ID ML82032670

Year Built 1981

Lot Size 0.465 Acres

Property Sub-Type Commercial Property

Property Description

Positioned at the epicenter of the rapidly evolving Ocean St. corridor, 806 Ocean represents a premier development opportunity in Santa Cruzs most aggressive growth zone. Spanning just under a half acre with the highly coveted MU-VH zoning, this property is a blank canvas perfectly situated to benefit from the massive infrastructure and residential investments currently transforming the citys gateway. Developers can leverage State Density Bonus Laws to exceed traditional caps, creating a high-yield, flagship project that mirrors the 5 & 6 story developments rising on neighboring blocks. This rare zoning allows for a strategic blend of high-density residential and lucrative visitor-serving commercial uses. Beyond its development potential, 806 Ocean offers a de-risked transition for investors, with a current lease in place to offset holding costs during the entitlement phase. The sites location is unrivaled for connectivity, offering direct access to Highway 17 and Highway 1 while remaining walking distance to the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk. As Santa Cruz shifts toward a transit-oriented future, this site stands as the next logical domino to fall in a high-yield corridor. Secure the chance to shape the skyline of a neighborhood being reborn.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning MU-VH

Interior

Heating Forced Air

Cooling Central Forced Air - Gas

Exterior

Parking Features Assigned Spaces, Guest / Visitor Parking

Utilities Available Natural Gas

Roof Type Metal

Present Use Retail

Building

Story 2

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Restrictions None

Tax ID 008-331-48-000

Security Features Video / Audio System

Special Listing Condition Not Applicable

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Joel Martinez

Joel Martinez

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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