229 Laurel St - Restaurant FOR SALE


Santa Cruz, CA 95060- Downtown Santa Cruz
$2,195,000 USD
831-275-0129
229 Laurel St, Santa Cruz, CA for Sale
$2,195,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

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229 Laurel St
Santa Cruz, CA 95060
Downtown Santa Cruz


HIGHLIGHTS

  • Corner/near-corner, signal-adjacent parcel with strong visibility
  • Walkable to Pacific Avenue, the San Lorenzo Riverwalk, Kaiser Permanente Arena, and the broader downtown core
  • Exceptional covered-land play

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$1,249 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Santa Cruz Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,015 SF

ZONING

CBD-E

APN/PARCEL ID

007-021-01-000

ASK ABOUT THIS PROPERTY

James KendallMahoney & AssociatesMore Info
831-275-0129

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James KendallMahoney & AssociatesMore Info
831-275-0129

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.