$5,500,000
High visibility redevelopment site directly across from the Capitola Mall. This infill site is the perfect location for a new commercial, mixed-use, multi-family or hotel project. The city confirmed that affordable housing developments can be approved through a ministerial process using AB 2011. The property is located in the main retail destination in the county, with approximately 1.2 million square feet of retail space at the intersection of Capitola Road and 41st Avenue. The Capitola Mall is the largest retail development in Santa Cruz County with 584,000 SF of space. The city recently re-zoned the mall to allow up to 1,777 residential units to be built on the site. Major retailers in the area include Target, Whole Foods, New Leaf, CVS, Trader Joe's, Kohl's, Macy's, Michaels, and Ross. The site is a short distance from Pleasure Point, The Hook, and Capitola Beach, as well as Capitola Village. This is the rare opportunity to acquire a corner lot with exceptional development potential in one of the most active locations in Santa Cruz County.
Listed by Joshua Johnson with Marcus & Millichap (650) 391-1700
Property Type
Commercial Sale
Status
Active
MLS Number
ML82054966
Year Built
N/A
Lot Size
0.60 acres
Location coordinates not available
1478 Hornblend St, San Diego
Listed by Austin Huffman with Marcus & Millichap
2000 S Main, Los Angeles
Listed by Eid Habash with Keller Williams Pacific Estate
527 Walker Dr, Mountain View
Listed by Jimmy Castellanos with Marcus & Millichap
0 Dolores 2nw Of 7th Ave, Carmel
Listed by Tim Allen with Coldwell Banker Realty
20500 Nordhoff St, Los Angeles
Listed by Elena Efimova with KC Lending, Inc.
1235 Cushman Ave, San Diego
Listed by Jeff Kane with Coldwell Banker West
431 Jeb Stuart Rd, Campo
Listed by Nicolas Hernandez with Top Gun CRE
1101 Tilton Ave, San Mateo
Listed by Cole Simpson with Marcus & Millichap
