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JLee Broker

[email protected] +1(650) 857-1000

Listed by Joshua Johnson, DRE #01930127 • Marcus & Millichap

$5,500,000

Est. payment - /mo

0.6 Acres Lot

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Key Details

Property Type Vacant Land, Commercial

Sub Type Comm. Land Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82054966

Lot Size 0.605 Acres

Property Sub-Type Comm. Land Retail

Source MLSListings, Inc.

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.

Location

State CA

County Santa Cruz

Area Live Oak

Zoning Community Commercial

Exterior

Fence Chain Link

Utilities Available Electricity - On Site, Gas - On Site, Public Utilities

View None

Building

Lot Description Grade - Level

Sewer Sewer - Public, Sewer Connected

Water Public, Water On Site

Others

Tax ID 034-181-14-000

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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Address not disclosed Capitola, CA 95010

JLee Broker

Key Details

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