860 41st Avenue, Santa Cruz, CA 95062

About this commercial property

The former Chill Out Cafe is a standalone legacy building in a prime 'Restaurant Row' location on Lower 41st Ave, Walking distance to the world-class surf of The Hook and Pleasure Point. Immediate neighbors include Verve, Penny Ice Creamery, East Side Eatery, and Zameen, with Mad Yolks coming soon next door. Includes shovel-ready plans, engineering, and entitlements to convert the current facility to a modern takeout cafe, adding 80 SF of refrigerated expansion into the rear patio area. Current owners have recently put over $82K into the property, including $18K Plans, $9K Permits, $14K Engineering, $20K Sewer Lateral, plus $21K Structural and Renovation. Possibilities abound to either build out the proposed expansion using the current plans and permits, or keep it simple and re-open the existing facility with basic upgrades and retrofits. Or go big and pursue a multi-story development with mixed-use second level, subject to finalizing proposed terms of a reciprocal parking agreement with one of the neighboring property owners. Stated rents are based on a pro forma rate of $4.50 per SF/NNN on the existing footprint. This is an incredible opportunity for the forward-minded operator seeking to control their own destiny on a piece of some of the most prime real estate in the County.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$1,085,000

Sold March 2025 · listed $1,100,000, on market February 2025 · MLS #ML81992593 · Source: CRMLS

Listing Agent: Datta Khalsa · Listing Office: Main Street Realtors · Contact: 831-462-4000 · Bought with: RECIP

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