3501 Portola Dr - Commercial LAND FOR SALE


Santa Cruz, CA 95062- Eastside79,715 SF
$6,900,000 USD
831-647-2109
3501 Portola Dr, Santa Cruz, CA for Sale
$6,900,000 USD
Commercial LAND - FOR SALE
1/2
79,715 SF

3501 Portola Dr
Santa Cruz, CA 95062
Eastside


HIGHLIGHTS

  • Level Corner Lot
  • Close to Beach and Services
  • Development Site

OVERVIEW

Assessor shows 79,541± SF parcel currently zoned C-2. On May 20, 2025 the County Board of Supervisors approved rezoning to Residential Flexible (RF-Min). This rezoning is now subject to the California Coastal Commission certifying the Local Coastal Program (LCP-3-SCO-25-0051-Part D). So, while the zoning is currently C-2, once certified by the California Coastal Commission, the zoning will change to high density residential development per RF zoning. Final certification date is unknown at this time. It could occur as early as March 2026, or occur later. It is presumed that the zoning change will eventually be certified. Until certification is finalized, all applications are reviewed under C-2 Zoning, not R-F Min. It appears that a development pre-application submitted prior to CCC certification per SB330 would be subject to C-2 zoning; not R-F Min. See Property Related Materials provided by Broker for more information on RF zoning and the Pleasure Point Corridor. Also, see the hyperlinks below for more info. There is a Phase II Environmental Report and a Remediation Estimate on file and available for qualified Buyers to review upon execution of a Non Disclosure Agreement. Carrier income in place. All Tenants are subject to a six month advance written notice termination clause in their Lease.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/ACRE

$3,770,482/AC

PRICE/SF

$87 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Subsdzd, Planned Unit Development

LAND ACRES

1.83 AC

LAND SF

79,715 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C-2 - RF

APN/PARCEL ID

028-051-05

ASK ABOUT THIS PROPERTY

Reuben HelickCushman & WakefieldMore Info
831-647-2109

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

Reuben HelickCushman & WakefieldMore Info
831-647-2109

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