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$2,988,000
Est. payment /mo
0.86 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81972435
HOA Y/N No
Lot Size 0.859 Acres
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 57 residential units (5 studios, 32 1BR, 20 2BR incl. 6 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. Renowned architect firm Hochhauser Blatter Architects have redesigned the original plans to expand the footprint, maximizing the investment. 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. See disclosures for renderings, site & proposal details; Contact Frank Oliver for additional information.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning C-1
Interior
Fireplace No
Exterior
Fence Chain Link
Utilities Available Electricity Available
Building
Water Public
Schools
School District Other
Others
Tax ID 02631122000
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Listed by Frank C. Oliver Oliver Group