3720 Capitola Road, Santa Cruz, CA 95062

Listing office The DeBernardo Team

Listing date Jun 11, 2026

Source Crexi

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Overview

This for-sale commercial land site has conceptual studies indicating potential for multiple development configurations. The studies contemplate a 121-unit, 100% affordable residential housing development, as well as alternative concepts including a hotel option or a mixed-use residential-over-retail complex. The project scope is being evaluated across different ways to match the site to feasible building programs.

The property is located at 3720 Capitola Road in Santa Cruz, California. Public remarks note that developers seeking alignment with Capitola’s housing goals and California’s affordable housing mandates may find the site well positioned for the types of concepts being studied.

For buyers and development partners looking for flexibility, this land may support planning discussions around affordable housing, hospitality, or residential-over-retail uses based on the conceptual scenarios described. Prospective parties should review the available conceptual study materials and underwriting assumptions to determine which configuration best fits their development strategy and timeline.

Suggested Use

Bar & Pub Accounting Firm Restaurant Garden Center Barber Shop Grocery & Convenience Store Pet Store Arcade & Gaming Center Coworking & Hybrid Office Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Santa Cruz

County

Santa Cruz

State

California

Longitude

-121.992905

Latitude

36.979664

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FAQs

What type of property is this?

Commercial land - Land parcel with conceptual studies for affordable housing, hotel, or mixed-use residential-over-retail development.

Where is this commercial land located?

The property is located at 3720 Capitola Road Santa Cruz, CA.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Land parcel with conceptual studies for a 121‑unit, 100% affordable residential housing development; Conceptual studies also outline potential for a hotel development on the site; Conceptual studies include a mixed‑use residential‑over‑retail development configuration