About 526-540 Soquel Avenue
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.
Features of 526-540 Soquel Avenue
| MLS® # | ML82016697 |
|---|---|
| Price | $5,500,000 |
| Square Footage | 15,185 |
| Acres | 0.68 |
| Year Built | 1938 |
| Type | Commercial Sale |
| Sub-Type | Comm Ind For Sale |
| Status | Active |
Community Information
| Address | 526-540 Soquel Avenue |
|---|---|
| City | Santa Cruz |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95062 |
Amenities
| Parking | Common |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas, Wall Furnace |
|---|---|
| Fireplace | No |
Exterior
| Roof | Composition |
|---|
Additional Information
| Date Listed | August 1st, 2025 |
|---|---|
| Zoning | CC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Datta Khalsa |
|---|---|
| Office | Main Street Realtors |