Downtown Santa Cruz Development Opportunity
Retail | 1,150 SqFt
Marketing description
Mahoney & Associates is pleased to present for sale 229 Laurel St. Santa Cruz, 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 City’s 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.
Investment highlights
• 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 City’s growth objectives.
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