CA > Santa Cruz
Santa Cruz, CA 95062,526-540 Soquel AVE
Santa Cruz, CA 95062,526-540 Soquel AVE
Santa Cruz, CA 95062,526-540 Soquel AVE
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$5,900,000
Est. payment /mo
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15,185 SqFt
Active

526-540 Soquel AVE Santa Cruz, CA 95062

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Madhu Sarkar

Madhu Sarkar

+1(650) 504-7768

UPDATED:

03/04/2025 08:58 PM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 15,185 sqft

Price per Sqft $388

MLS Listing ID ML81992548

Originating Board MLSListings, Inc.

Year Built 1938

Lot Size 0.680 Acres

Property Sub-Type Commercial Property

Property Description

The Sullivan Building Complex at 526-540 Soquel Ave & 545 Ocean View Ave is a collection of mid-century Medical, Personal Care and Professional Suites in 4 buildings spread out across three parcels on a prime corner convenient to The Buttery, Shoppers Corner and the other popular boutique shops and restaurants of Mid-Town. The longtime owners have taken great pride in the property with updates and renovations made to many of the interior and exterior components of the buildings through the years, with over $420,000 in capital improvements added since 2020, including courtyard remodel for the Medical Arts Building, plus new windows, new plumbing, new flooring, new heat and new air for many of the suites in the complex. Located in an Opportunity Zone, with access to public transit, the assemblage is eligible for multi-story mixed-use development of high-density residential over street-level retail podium. This is an excellent opportunity for an investor seeking to maximize cap rate with upside potential in rents on some of the larger suites which are currently leased month-to-month, or for a developer with the benefit of existing carrier income during entitlement.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning CC

Interior

Heating Forced Air, Gas, Wall Furnace

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior

Parking Features Common Parking Area, Off-Street Parking, On Street, Uncovered Parking

Garage Spaces 24.0

Utilities Available Public Utilities

Roof Type Rolled Composition,Tar and Gravel,Other

Building

Foundation Concrete Perimeter and Slab, Foundation Pillars

Sewer Sewer - Public

Water Public

Others

Tax ID 010-051-12-000

Special Listing Condition Notice of Default

Virtual Tour https://vimeo.com/1050109926?share=copy

MLS Listing IDX PLUS
© 2025 MLSListings Inc. All rights reserved.
Listed by Datta Khalsa • Main Street Realtors

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Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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526-540 Soquel AVE