806 Ocean Street, Santa Cruz, CA 95060
List Price: $2.95M
Listing Status: Active
Original List Price: $3.27M
0Days on Market: 97
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1981
Lot Size: 20,255 sq ft
MLS Number: ML82032670
About This Property
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.
Listing provided by: The Portola Group DRE #70010159 (831) 457-5500 info@theportolagroup.com, KW Thrive Santa Cruz
Source: CRMLS, MLS #: ML82032670