3811 Portola DR, Santa Cruz, CA 95062
- $3,500,000
- List Price
- $3,500,000
- MLS#
- ML82038443
- Status
- ACTIVE
- Property Type
- com
- Listing Area
- Live Oak
- Year Built
- 1956
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.
Additional Information
- Age
- 70
- Cooling System
- Other
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Off-Street Parking, Parking Area, Uncovered Parking
- Heating System
- Forced Air
- County
- Santa Cruz
- Neighborhood
- Live Oak
- Other Utilities
- Public Utilities
- Present Use
- Medical/Dental
- Roof
- Composition
- Sewer
- Sewer - Public
- Special Features
- Parking
- Unincorporated Yn
- Yes
- Zoning
- C-2
Mortgage Calculator
Listing courtesy of Kasey Hinchman from David Lyng Real Estate. 831-239-3708
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