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Seventh Ave 713 Carmel St 1,387 SF Retail Building Santa Cruz, CA 95062 $1,534,720 CAD ($1,106.50 CAD/SF) 2.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Just three blocks from the Pacific Ocean and Santa Cruz Harbor
- History of Occupancy
- Street Visibilty and easy access
- Long-term tenants with stable income and low maintenance
EXECUTIVE SUMMARY
300 Seventh Ave sits at the corner of Seventh Avenue and Carmel Street...about 3 blocks from the Santa Cruz Harbor and Twin Lakes State Beach. First time on the market in decades. This 1500 SF multi-tenant building sits on an approximately 3,000 SF parcel and has enjoyed a long history of full occupancy. The occupants consist of a Sushi to-go Market, a Hair Salon, and a Dog Groomer. The businesses thrive in this unique Beach/Harbor neighborhood and 7 on site Parking spaces make this a convenient stop for customers from afar. Ideal price point for a 1031 exchange "filler" purchase, local Investor, or anyone who appreciates a generational opportunity to own a well-located commercial building in a thriving beach town. Note: The Hair Salon and Dog Groomer use Carmel Street as their Address. Sushi to Go uses 300 Seventh Ave.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,387 SF
Building Class
C
Year Built
1944
Price
$1,534,720 CAD
Price Per SF
$1,106.50 CAD
Cap Rate
2.50%
NOI
$38,368 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.07 AC
Zoning
C-1-L
Parking
5 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
79’ on Carmel St
AMENITIES
- Corner Lot
- Signage
- Monument Signage
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 027-103-11-000 | Improvements Assessment | $42,479 CAD |
| Land Assessment | $637,171 CAD | Total Assessment | $679,650 CAD |
PROPERTY TAXES
Parcel Number
027-103-11-000
Land Assessment
$637,171 CAD
Improvements Assessment
$42,479 CAD
Total Assessment
$679,650 CAD
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Seventh Ave | 713 Carmel St
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