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$975,000
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Property Description
129 Water Street presents a rare opportunity to own a freestanding commercial office building in the heart of downtown Santa Cruz. Whether you're an owner/user looking to establish your business in a prime location or an investor seeking a well-situated leasing asset, this property offers both immediate utility and long-term upside. As currently configured, the building features 10 offices, 2 conference rooms, a large reception area, and modern infrastructure, including controlled door access, security cameras, and prominent street signage. With 4 on-site parking spaces and excellent walkability to all that Downtown Santa Cruz has to offer, this location supports a wide range of professional uses. Delivered vacant at close of escrow, the property is move-in ready for an owner-occupant or ready for its next tenant. Located in a high-visibility corridor, this is a strategic acquisition for businesses or investors seeking strong fundamentals in a supply-constrained market.
Full Property Details
Full Property Details for 129 Water St
General
- Price: $975,000
- Status: Active
- Type: Industrial
- Source: RE_Infolink
- MLS ID: ML82015592
- Updated: 7/23/2025
- Added to Site: 240 day(s) ago
Rental Information
- Complex Features: Outside Sign
Additional Information
- Extras: Not Applicable
- Security/Safety: Controlled / Secured Access, Video / Audio System
Parking
- Parking Features: Parking Area
Location
- Area: West Santa Cruz
- County: Santa Cruz
- Cross Streets: Bulkhead
Heating & Cooling
- Cooling Type: Central AC
- Heating Type: Central Air (Forced Air)
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Natural Gas
- Metering: Master Electric, Master Gas, Master Water
Structural Information
- # Buildings: 1
- Foundation: Concrete Slab
- Roof: Flat / Low Pitch
- Disability Access: None
- Square Feet: 2,060
- Office: 2,060 Sq. Ft.
- Year Built: 1960
Unit Information
- Units in Complex: 1
Lot Features
- Lot Size (Acres): 0.07
- Minimum Lot Size: 3049
- Lot Size (Sq. Ft.): 3,049
- Present Use: Office
- Zoning: CBD
Disclosures and Reports
- Restrictions: None
Listed by David Lyng Real Estate, Greg Lukina
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Schools
Schools serving 129 Water St
School District:Santa Cruz City Elementary School District
| Name | Grades | Distance |
|---|---|---|
Westlake Elementary School, Santa Cruz, CA 1000 High Street, Santa Cruz, CA 95060 | K-5 | 1.3 mi |
Harbor High School 300 La Fonda Avenue, Santa Cruz, CA 95062 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 129 Water St
Date
Details
Price
Change
Source
7/23/2025
Listed
$975,000
44.44%
MLS
3/09/2009
Sold
$675,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 129 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,616
7%
$869,244
2%
2024
$9,891
1%
$852,200
2%
2023
$9,774
1%
$835,490
2%
2022
$9,666
2%
$819,107
2%
2021
$9,469
1%
$803,047
1%
2020
$9,397
2%
$794,812
2%
2019
$9,195
1%
$779,228
2%
2018
$9,093
1%
$763,949
2%
2017
$8,979
6%
$748,969
2%
2016
$8,492
3%
$734,283
2%
2015
$8,262
2%
$723,253
2%
2014
$8,125
—
$709,085
—
2013
$8,156
—
$705,881
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 129 Water St
129 Water St, Santa Cruz, CA 95060 (MLS# ML82015592) is a Industrial property. 129 Water St is currently listed for $975,000 and was received on July 23, 2025. Want to learn more about 129 Water St? Do you have questions about finding other Industrial real estate for sale in Santa Cruz? You can browse all Santa Cruz real estate or contact a Coldwell Banker agent to request more information.

