Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81992548
MLS Source
MLSListings, Inc.
Days on Site
49
Commercial Information
# Buildings / # Units
3 / 21
Parking Spaces
24
Present Use
Medical/Dental, Office
Utilities
Public Utilities, Water - Public
Interior Features
Flooring
Carpet, Hardwood, Laminate, Tile, Vinyl/Linoleum
Cooling
None
Heating
Forced Air, Gas, Wall Furnace
Exterior Features
Roof
Other, Rolled/Hot Mop, Tar/Gravel
Foundation
Pillar/Post/Pier, Concrete Perimeter and Slab
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
CC
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 21 |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
526-540 Soquel Ave is a Commercial Sale in Santa Cruz, CA 95062. This 15,185 square foot property sits on a 0.68 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,900,000 and was built in 1938. This address can also be written as 526-540 Soquel Ave, Santa Cruz, CA 95062.
©2025 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 04, 2025. For the most current information, please contact Datta Khalsa, (831) 818-0181
