5523 Scotts Valley Drive, Scotts Valley, CA, CA 95066

$2,295,000

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List Price
$2,295,000
Status
ACTIVE
MLS#
ML82034824
County
Santa Cruz
Zoning
R
Year Built
1989
Square Feet
7,665
Lot Size (acres)
0.385
Days on Market
154
Property Type
Commercial

Property Description

Positioned just off Highway 17, this 7,665 sq ft office building offers a strong combination of steady income, flexibility, and long-term potential in one of Scotts Valleys most convenient commuting locations. Built in 1989 and well maintained, the property sits in the heart of the Scotts Valley business district with easy access to Silicon Valley, making it an attractive location for both local and over-the-hill tenants. The building is currently fully leased with 22 office suites on month-to-month agreements, generating approximately $13,265 per month in income. The short-term lease structure provides immediate cash flow while allowing a future owner the opportunity to adjust rents, reposition suites, or refine the tenant mix over time. In addition to the office suites, the property includes a ±2,000 sq ft mechanics garage, expanding the range of potential uses and tenant appeal. Twenty-two on-site parking spaces support daily operations, and owned solar helps offset operating expenses. A well-located Scotts Valley asset offering existing income today with flexibility for future growth in a consistently strong commercial corridor.

Additional Information

Taxes
$28,687
Parcel Number
02202212000
Gross Scheduled Income
$159,180
Cooling
Yes
Cooling Description
Central Air
Roof
Flat, Tile
Parking Spaces
22
Water
Public

Listing courtesy of Listing Agent: Strock Team (ben@strockrealestate.com) from Listing Office: eXp Realty of California Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.