Santa Cruz, CA 95062,1024 Soquel AVE
Santa Cruz, CA 95062,1024 Soquel AVE
Santa Cruz, CA 95062,1024 Soquel AVE
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$2,250,000
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0.27 Acres Lot
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1024 Soquel AVE Santa Cruz, CA 95062

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

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Key Details

Property Type Vacant Land, Commercial

Sub Type Comm. Land Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82031182

Lot Size 0.274 Acres

Property Sub-Type Comm. Land Retail

Property Description

Rare development opportunity at 1024 Soquel Ave, in Santa Cruz's red-hot Eastside, convenient to SC Athletic Club, Whole Foods, and popular food and entertainment venues The Rio Theater, Lillian's, The Crepe Place and much more. Located directly across the street from the central Pubic Parking Lot where the City also hosts the weekly live entertainment and food truck event Midtown Fridays in the Summer months. This +/-0.27-acre corner lot is a high-density mixed-use site located within a federal Opportunity Zone. Boasting a 94/100 Walk Score, the property is zoned MU-H, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. While the base density is 55 DU/Acre, a city-vetted concept for 76-80 residential units has been reviewed, utilizing the State Density Bonus Law and small-unit exemptions where studios/1BRs do not count against density limits. Physical parameters include a 2.75 base FAR and by-right heights up to 5 stories, with 0 ft front and side setbacks. This establishes a documented ceiling for high-yield urban infill. Buyer to verify all development and zoning info independently.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning MU-H

Exterior

Fence Chain Link

Utilities Available Available - Not On Site

Building

Lot Description Grade - Level

Sewer Sewer Available

Water Water Available at Street

Others

Tax ID 010-072-78-000

Horse Property No

Special Listing Condition Not Applicable

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

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