Address not disclosed, Capitola, CA 95010
Address not disclosed, Capitola, CA 95010
Address not disclosed, Capitola, CA 95010
8
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$5,500,000
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0.6 Acres Lot
Active

Address not disclosed Capitola, CA 95010

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82054966

HOA Y/N No

Lot Size 0.605 Acres

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 699 - Not Defined

Zoning Community Commercial

Interior

Fireplace No

Exterior

Fence Chain Link

Utilities Available Electricity Available

Present Use Multi-Family

Building

Water Public

Schools

Elementary Schools Live Oak

Middle Schools Other

High Schools Soquel

School District Other

Others

Tax ID 03418114000

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joshua Johnson Marcus & Millichap #01930127

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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