DRE# 01867113
Tami Monasmith, DRE# 01867113 Phone: (831) 710-4464
Email: [email protected]
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listing
1 of 22
CommercialFor Sale
$5,900,000
526-540 Soquel Ave
Santa Cruz, CA 95062
Listed by: Datta Khalsa from Main Street Realtors, 831-818-0181
MLS: MLSListings Inc.
15,185Sq Ft
Est. Mortgage
$30,555/mo

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.

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Based on information from the MLSListings MLS as of 02/24/2025 07:09 AM. 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.
Information courtesy of Main Street Realtors is subject to verification and is not guaranteed.
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