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Listed by Frank C. Oliver • Oliver Group
$2,988,000
Est. payment /mo
0.86 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81972435
Lot Size 0.859 Acres
Property Sub-Type Other Commercial Land
Property Description
1600 Brommer Street is situated in the heart of Midtown Santa Cruz, a vibrant & walkable neighborhood that seamlessly blends residential charm with commercial vitality. This area is renowned for its eclectic mix of local businesses, cafes, & cultural venues, making it an ideal spot for a mixed-use development that caters to both residents & visitors. Site proposal offers 58 residential units (studios, 1BR, 2BR plus VLI units) & 4,793 SF ground-floor commercial w/ underground parking. Modern 4-story design w/ 87 structured parking spaces, private balconies, rooftop terraces, courtyard & public plaza. Zoned C-1 on a 0.86-acre lot w/ 100,843 SF total area. Bonus density approved w/ height, parking & use concessions. Walk Score 84, Bike Score 100. Close to beach, harbor, parks, dining & transit. High-demand rental market. Strong investor appeal. Price structured at present value & condition; as Seller reaches benchmark goals, price will adjust accordingly.
Location
State CA
County Santa Cruz
Area Live Oak
Zoning C-1
Exterior
Fence Chain Link, Fenced, Fenced Back, Fenced Front, Gate
Utilities Available Electricity - On Site, Gas - Available at Street, Public Utilities
Building
Lot Description Grade - Level
Sewer Sewer - Public, Sewer Available
Water Individual Water Meter, Public, Water On Site
Others
Restrictions None
Tax ID 026-311-22-000
Horse Property No
Special Listing Condition Not Applicable
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