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+16615447793
Ilma's Inc.
703 Pacific Avenue, Santa Cruz, CA 95060
- $1,850,000
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- ML82063300
- Year Built
- 1936
- Lot Size
- 6,534
- Acres
- 0.15
- Days on Market
- 1
- Property Type
- Commercial
Property Description
703 Pacific Ave presents a compelling investment opportunity in one of Santa Cruzs most strategically positioned areas, located within the South of Laurel (SOLA) Plan area, which provides meaningful long-term development potential while offering investors the benefit of stable in-place income today. Offered at $1,850,000, the property is currently occupied by a long-term tenant, providing reliable cash flow while an investor holds and evaluates the future development possibilities associated with the SOLA designation. This combination of existing income, a proven tenant, prime Santa Cruz location, and substantial long-term development potential creates an attractive opportunity for an investor seeking both current cash flow and future upside.
Additional Information
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Other
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $45,600
Listing courtesy of Listing Agent: Nick Torres (nick@shermanandboone.com) from Listing Office: Sherman & Boone Realtors.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.