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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 right next door. Includes shovel-ready plans, engineering, and entitlements to convert the current building to a modern eatery, 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.
Property Type(s):
Commercial
| Last Updated | 2/3/2025 | Year Built | 1947 |
|---|---|---|---|
| Community | Not Defined | County | Santa Cruz |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| HOA DUES | 0 |
| LOT | 1873 sq ft |
| STORIES | 1 |
| TAXES | 13200 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | C-2 |
Location
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