Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions Logo
$2,775,000
( $426.40Per Sq Foot )
 $14,897 est/mo Sourced by Back At You

806 Ocean Street,Santa Cruz, CA 95060

Santa Cruz, CA 95060

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Description

Positioned at the epicenter of the rapidly evolving Ocean St. corridor, 806 Ocean represents a premier development opportunity in Santa Cruzs most aggressive growth zone. Spanning just under a half acre with the highly coveted MU-VH zoning, this property is a blank canvas perfectly situated to benefit from the massive infrastructure and residential investments currently transforming the citys gateway. Developers can leverage State Density Bonus Laws to exceed traditional caps, creating a high-yield, flagship project that mirrors the 5 & 6 story developments rising on neighboring blocks. This rare zoning allows for a strategic blend of high-density residential and lucrative visitor-serving commercial uses. Beyond its development potential, 806 Ocean offers a de-risked transition for investors, with a current lease in place to offset holding costs during the entitlement phase. The sites location is unrivaled for connectivity, offering direct access to Highway 17 and Highway 1 while remaining walking distance to the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk. As Santa Cruz shifts toward a transit-oriented future, this site stands as the next logical domino to fall in a high-yield corridor. Secure the chance to shape the skyline of a neighborhood being reborn.

Details

MLS #ML82032670
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1981
Days On Site211
Listing Provided ByKW Thrive Santa Cruz | The Portola Group

Features

SQ Feet6,508
Story(s)2
Building(s)1
ZoningMU-VH
Acreage0.47

Interior

CoolingGas
HeatingForced Air
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofMetal

Utilities

UtilitiesNatural Gas Available

Area Information

StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95060
Area699 Not Defined
Listing VS Median (in 95060)
Price:
$2,775,000
low | high
Med:
$2,240,000
69.279297297297% of Average
sqft:
6,508
low | high
Med:
3,332
98.809157959435% of Average
$ / sqft:
$426
low | high
Med:
$684
10.449456612466% of Average
On site:
211
low | high
Med:
108.5
100% of Average
Sourced by Back At You

Market Activity 95060

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Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95060
Area699 Not Defined
Listing VS Median (in 95060)
Price:
$2,775,000
low | high
Med:
$2,240,000
69.279297297297% of Average
sqft:
6,508
low | high
Med:
3,332
98.809157959435% of Average
$ / sqft:
$426
low | high
Med:
$684
10.449456612466% of Average
On site:
211
low | high
Med:
108.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.81M - $3.468M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
142 Benito Avenue Property Photo 1
$1,750,000
142 Benito Avenue
Santa Cruz, CA 95062
Listing Updated: August 21, 2026 at 11:57:35 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions