1111-1115 Water ST

1111-1115 Water Street, Santa Cruz, CA, 95062
$1,695,000

Basics

Description

  • Description:

    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

Virtual tour

Location

  • County: Santa Cruz

Building Details

Amenities & Features

  • Waterfront: No
  • Garage: No
  • Attached garage: No
  • Fireplace: No
  • Private pool: No
  • Cooling: Multi-Zone, Other
  • Security features: Fire Alarm, Fire System - Sprinkler, Other, Security Alarm
  • Utilities: Public Utilities, Water - Public

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Based on information from the MLSListings MLS as of September 15, 2026. 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.

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Listing data © 2026 MLSListings Inc. All rights reserved.

Date added Added 14 hours ago Category Type Status
Lot size 12081 sq ft Year built 1942 Listing source MLSL MLS ID ML82058745