PRICE REDUCED!!!! This is a very unique development opportunity in the most amazing location of Capitola Ca. Walking distance to the beach. The value is in the land and the location.
Courtesy: Marcus & Millichap
650-391-1700
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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Capitola is located in California. Capitola, California has a population of 10,041. Capitola is less family-centric than the surrounding county with 24.48% of the households containing married families with children. The county average for households married with children is 30.25%.
The median household income in Capitola, California is $83,726. The median household income for the surrounding county is $96,093 compared to the national median of $69,021. The median age of people living in Capitola is 47.3 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 40.1 degrees. The average rainfall is approximately 25.3 inches per year, with 0 inches of snow per year.
