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.
Details
MLS #
ML82054966
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
49
Listing Provided By
Marcus & Millichap | Joshua Johnson
Features
Building(s)
5
Zoning
Community Commercial
Acreage
0.60
Exterior
Fencing
Chain Link
Utilities
Utilities
Electricity Available
Area Information
State
CA
County
Santa Cruz
City
Capitola
Zip Code
95010
Area
699 Not Defined
Listing VS Median (in 95010)
Price: $5,500,000
low | high
Med: $1,162,000
100% of Average
On site: 49
low | high
Med: 64.5
75.968992248062% of Average
Sourced by Back At You
Market Activity 95010
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 2
Avg $ Per SqFt: $721.6
Min Sale Price: $565,000
Max Sale Price: $1,875,000
Med Sale Price: $1,220,000
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $878.96
Min Sale Price: $613,000
Max Sale Price: $1,725,000
Med Sale Price: $1,600,000
Date: May 2026
Sales: 6
Avg $ Per SqFt: $1057.56
Min Sale Price: $895,000
Max Sale Price: $2,200,000
Med Sale Price: $1,985,000
Date: Apr 2026
Sales: 2
Avg $ Per SqFt: $980.77
Min Sale Price: $580,000
Max Sale Price: $1,025,000
Med Sale Price: $802,500
Date: Mar 2026
Sales: 7
Avg $ Per SqFt: $831.78
Min Sale Price: $359,000
Max Sale Price: $1,650,000
Med Sale Price: $619,000
Date: Feb 2026
Sales: 4
Avg $ Per SqFt: $1042.59
Min Sale Price: $610,000
Max Sale Price: $1,700,000
Med Sale Price: $807,500
Date: Jan 2026
Sales: 6
Avg $ Per SqFt: $730.32
Min Sale Price: $328,300
Max Sale Price: $750,000
Med Sale Price: $607,000
Date: Dec 2025
Sales: 1
Avg $ Per SqFt: $621.62
Min Sale Price: $575,000
Max Sale Price: $575,000
Med Sale Price: $575,000
Date: Oct 2025
Sales: 1
Avg $ Per SqFt: $162.5
Min Sale Price: $260,000
Max Sale Price: $260,000
Med Sale Price: $260,000
Date: Sep 2025
Sales: 2
Avg $ Per SqFt: $676.72
Min Sale Price: $449,000
Max Sale Price: $995,000
Med Sale Price: $722,000
Sourced by Back At You
Jul 2026
Sales:
2
Avg $ Per SqFt:
$721.6
Min Sale Price:
$565,000
Max Sale Price:
$1,875,000
Med Sale Price:
$1,220,000
Jun 2026
Sales:
5
Avg $ Per SqFt:
$878.96
Min Sale Price:
$613,000
Max Sale Price:
$1,725,000
Med Sale Price:
$1,600,000
May 2026
Sales:
6
Avg $ Per SqFt:
$1057.56
Min Sale Price:
$895,000
Max Sale Price:
$2,200,000
Med Sale Price:
$1,985,000
Apr 2026
Sales:
2
Avg $ Per SqFt:
$980.77
Min Sale Price:
$580,000
Max Sale Price:
$1,025,000
Med Sale Price:
$802,500
Mar 2026
Sales:
7
Avg $ Per SqFt:
$831.78
Min Sale Price:
$359,000
Max Sale Price:
$1,650,000
Med Sale Price:
$619,000
Feb 2026
Sales:
4
Avg $ Per SqFt:
$1042.59
Min Sale Price:
$610,000
Max Sale Price:
$1,700,000
Med Sale Price:
$807,500
Jan 2026
Sales:
6
Avg $ Per SqFt:
$730.32
Min Sale Price:
$328,300
Max Sale Price:
$750,000
Med Sale Price:
$607,000
Dec 2025
Sales:
1
Avg $ Per SqFt:
$621.62
Min Sale Price:
$575,000
Max Sale Price:
$575,000
Med Sale Price:
$575,000
Oct 2025
Sales:
1
Avg $ Per SqFt:
$162.5
Min Sale Price:
$260,000
Max Sale Price:
$260,000
Med Sale Price:
$260,000
Sep 2025
Sales:
2
Avg $ Per SqFt:
$676.72
Min Sale Price:
$449,000
Max Sale Price:
$995,000
Med Sale Price:
$722,000
MLS#: ML82054966 Listed By: Joshua Johnson - Marcus & Millichap - 6503911700-
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MLS#: ML82054966 Listed By: Joshua Johnson - Marcus & Millichap - 6503911700-
