A unique development opportunity in desirable Soquel California. Located in a newly created zoning designated for high density residential, RF-min, Residential Flexible. RF flexible zoning was adopted by Santa Cruz County in December of 2024 and allows for 47+/- units on this 3.5 acres with potential to scale up! Proximity to New Brighton State Park Beach, Cabrillo College, Grade Schools and the Soquel Drive Transportation Corridor, makes this location ideal for meeting the States housing requirements and fulfilling your development and/or 1031 Exchange needs. The property contains two vintage cottages plus appurtenant garage and storage space. The property is served with Natural Gas, Public Sewer and a Private Well with Public Water service lines in close proximity along Monterey Avenue.
Mid county investment opportunity on two premium lots in Soquel Village. This facility has 9 parking spaces on-site, with 2 handicapped spots, an ADA access ramp, rear loading dock, dual pane windows, 3-phase power, brick exterior, and received $50,000+/- in major plumbing updates in March 2022. Long term stable tenant. Although the cap rate may seem misaligned with current trends due to recent interest rate hikes, the property's long-term value is exceptional. Its sought-after location attracts business buyers and developers who prize its premium zoning. A nearly identical building next door at 4746 Soquel Dr sold for a similar price per square foot two years ago. Now a central office for a real estate company, it was chosen for its proximity to popular shops, restaurants, the county park, and the River Walk. This area's appeal is set to grow, with adjacent properties like 4768 Soquel expected to capitalize on open parking and park views. Current tenant has two 5-year lease extensions available and the current owners of 4768 Soquel enjoy a low tax base and solid income, making them unlikely to sell unless their asking price is met. It is because of these reasons that this investment is positioned as a premium opportunity relative to its current Capitalization Rate
Seize the opportunity to rent this prime commercial bay nestled in a convenient central location. Boasting approximately 1,400 square feet of warehouse space coupled with a mezzanine, this versatile property is perfectly tailored to suit your business needs. Enjoy nearly 18 feet of clear height, providing ample vertical space for storage and maneuverability. Utilize the mezzanine for additional storage, office space, or any other purpose to maximize functionality. Benefit from hassle-free access to the freeway, shops, and restaurants, ensuring convenience for both clients and employees. With a roll-up door measuring approximately 12 x 9, you have seamless loading and unloading of goods, streamlining your business operations. Whether you're in distribution, manufacturing, or any other industry, this commercial space offers the perfect blend of convenience and functionality. Don't miss out on this rare opportunity to take advantage of this space in a highly sought-after location.
Courtesy: Russell E. Gross Real Estate
Soquel is located in California. Soquel, California has a population of 10,806. Soquel is more family-centric than the surrounding county with 38.19% of the households containing married families with children. The county average for households married with children is 30.25%.
The median household income in Soquel, California is $107,114. The median household income for the surrounding county is $96,093 compared to the national median of $69,021. The median age of people living in Soquel is 41.6 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 40.1 degrees. The average rainfall is approximately 25.3 inches per year, with 0 inches of snow per year.
