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Downtown Santa Cruz Development Opportunity 229 Laurel St 1,150 SF 35% Leased Retail Building Santa Cruz, CA 95060 $3,019,486 CAD ($2,625.64 CAD/SF)
INVESTMENT HIGHLIGHTS
- Corner/near-corner, signal-adjacent parcel with strong visibility
- Exceptional covered-land play
- Walkable to Pacific Avenue, the San Lorenzo Riverwalk, Kaiser Permanente Arena, and the broader downtown core
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present for sale 229 Laurel St. Santa Cruz, a legacy drive-in restaurant site in the heart of the Downtown/SoLa transition area that is now strategically positioned for higher-intensity mixed-use redevelopment under the City’s recently adopted downtown expansion framework. The property offers a rare combination of strong existing foot and vehicle traffic, corner visibility, and near-term upside as surrounding blocks transition to taller, denser residential and entertainment uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,150 SF
Building Class
C
Year Built/Renovated
1948/1980
Price
$3,019,486 CAD
Price Per SF
$2,625.64 CAD
Percent Leased
35%
Building Height
1 Story
Building FAR
0.14
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CBD-E - Central Business District – Subdistrict E
Parking
10 Spaces (8.7 Spaces per 1,000 SF Leased)
Frontage
84’ on Maple St
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-021-01-000 | Improvements Assessment | $238,146 CAD |
| Land Assessment | $829,100 CAD | Total Assessment | $1,067,245 CAD |
PROPERTY TAXES
Parcel Number
007-021-01-000
Land Assessment
$829,100 CAD
Improvements Assessment
$238,146 CAD
Total Assessment
$1,067,245 CAD
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Downtown Santa Cruz Development Opportunity | 229 Laurel St
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