Address not disclosed, Capitola, CA 95010
- $5,500,000
Listed by Joshua Johnson, 650-391-1784 from Marcus & Millichap
(If provided) CoList: Carlos Azucena from Marcus & Millichap
- List Price
- $5,500,000
- MLS#
- ML82054966
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Comm. Land Retail
- City
- Capitola
- Lot Size
- 26,337
- Zip
- 95010
- Listing Area
- Live Oak
Property Description
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.
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Additional Information
- Development Status
- No Site Approval
- Fence
- Chain Link
- Lot Description
- Grade - Level
- Lot Size
- 26,337
- Neighborhood
- Live Oak
- Other Utilities
- Electricity - On Site, Gas - On Site, Public Utilities
- Parcel Access
- Paved Road
- Present Use
- Multi-Family
- Sewer
- Sewer - Public, Sewer Connected
- Water
- Public, Water On Site
- Zoning
- Community Commercial
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