$1,695,000

11111115 Water Street, Santa Cruz CA, 95062

Price per sqft$511.78

Built in1942

Property size3,312 sqft

Property typeCommercial

Listed by Datta Khalsa CA DRE# 01161050 with Main Street Realtors 831-818-0181

Overview

Active

Listed Aug 23, 2026

Updated 3 weeks ago

Classic Building on 2 Parcels, Ideal for Retail/Restaurant use, Potential Live-Work Space or High-Density Redevelopment in the heart of Midtown, walking distance to the areas popular Arts & Entertainment, Restaurants, Stores & Boutiques. Currently configured as a high-end retail showroom. Will be delivered vacant, w/over $200K invested in recent upgrades/TI's, including ADA access, regular & ADA restrooms, high vaulted ceilings & upscale decor. There is a gated back lot with secure parking for multiple vehicles, with 2 rear-facing roll-ups providing transition to indoor parking, storage or vehicle display by connecting to the front showroom. Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining/private events. Its also been suggested to keep the front 2000 SF of vaulted showroom in place and add a 2nd story residence to the rear areas of the building to create a live-work environment. Community Commercial Zoning allows for multi-story High-Density mixed use with parking requirements reduced or removed, plus option to pursue a 3-parcel assemblage w/adjacent 115 Catalpa St, on 6,273 SF Parcel, Zoned R1-5, recently listed for $1,299,000

Additional information

MLS^® ID: ML82058745

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

Taxes: $20,340
Tax Frequency: Annually
Maintenance Expense: $6,000

Listed by Datta Khalsa CA DRE# 01161050 with Main Street Realtors 831-818-0181

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/14/2026 at 11:27 AM UTC Last Checked: 11:27 AM UTC