229 Laurel Street, Santa Cruz, CA, CA 95060
- $1,590,000
- List Price
- $1,590,000
- Price Change
- ▼ $359,000 1773356338
- Status
- ACTIVE
- MLS#
- ML82029585
- County
- Santa Cruz
- Zoning
- CBD-E
- Year Built
- 1948
- Square Feet
- 1,152
- Lot Size (acres)
- 0.184
- Days on Market
- 223
- Property Type
- Commercial
Property Description
229 Laurel St. Santa Cruz, is 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 Citys 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. * Corner/near-corner, signal-adjacent parcel with strong visibility, prominent signage, and easy ingress/egress supporting both current QSR operations and future high-density development. Walkable to Pacific Avenue, the San Lorenzo Riverwalk, Kaiser Permanente Arena, and the broader downtown core, capturing both neighborhood and regional traffic. Exceptional covered-land play: in-place improvements provide interim income potential while the surrounding district transitions under the Downtown Plan Expansion, offering a clear path to long-term mixed-use or multifamily redevelopment consistent with the Citys growth objectives.
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Additional Information
- Parcel Number
- 00702101000
- Utilities
- Other
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Flat
- Parking Spaces
- 15
- Water
- Public
Listing courtesy of Listing Agent: James Kendall (jkendall@mahoneycommercial.com) from Listing Office: Baird Partnership, Inc..
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