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Listed by Kasey Hinchman • David Lyng Real Estate, DRE#01424163
$ 3,500,000
Est. payment | /mo
0.49 Acres Lot
$ 3,500,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82038868
Lot Size 0.495 Acres
Property Sub-Type Other Commercial Land
Property Description
Rare redevelopment and investment opportunity in the Pleasure Point Commercial Corridor within a designated Opportunity Zone. Situated along Portola Drive in the heart of Pleasure Point, this high-visibility property includes an existing medical office building and an adjoining vacant lot, creating a unique opportunity for investors, developers, or owner-users seeking a strategic coastal location with long-term upside. The single-story building is currently configured as a chiropractic office with multiple treatment rooms and a flexible layout suitable for medical, wellness, or professional use. Strong street frontage and a generous on-site parking lot provide excellent visibility and accessibility along one of the areas prime commercial corridors. Preliminary architectural concepts have been explored for a 40± unit mixed-use development, presenting a compelling opportunity to reposition, redevelop, or land bank in a coastal market where development sites are increasingly limited. Located approximately three blocks from the iconic Pleasure Point surf break at The Hook and minutes from Capitola Village, the property sits within one of Santa Cruz County's most desirable coastal communities, surrounded by vibrant retail, restaurants, and year-round beach culture.
Location
State CA
County Santa Cruz
Area Live Oak
Zoning C-2
Exterior
Fence Partial Fencing
Utilities Available Public Utilities
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 032-051-22-000
Horse Property No
Special Listing Condition Not Applicable
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REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479