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… Read More 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. Read Less
Property listed by KW Thrive Santa Cruz, The Portola Group 831-457-5500
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
6,508
Lot Size
0.46 Acres
Year Built
1981
MLS Number
ML82032670
Additional Details
Building
Built in 1981, 1 building, 2 stories
Cooling
Gas
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $84,000
Lot
0.465 acres
Parking
22 total parking spaces
Roof
Metal
Taxes
Parcel Number: 00833148000, Zoning: MU-VH
Utilities
NaturalGasAvailable, Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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