Development Site with Conceptual
For Sale
Contact for pricing
3720 Capitola Road, Santa Cruz, CA 95062
Land parcel with conceptual studies for affordable housing, hotel, or mixed-use residential-over-retail development.
Property SizeContact for details
Days on Market73
Property Features for 3720 Capitola Road
General Information
Standard status
Active
Property subtype
Hospitality, Mixed Use, Land
Zoning
C-C
Listing Agency:
PORTFOLIŌ Real Estate
Listed By:
Frank DeBernardo · License #CA 01211552
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 8 at 7:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PORTFOLIŌ Real Estate
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
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Frequently Asked Questions
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
