Portola, SantaCruz, CA 95062

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$3,149,000

bedrooms

bathrooms

square feet

Acreage

0.495

Open Houses

year built

Full Baths

Half Baths

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Rare redevelopment and investment opportunity in the Pleasure Point Commercial Corridor within a designated Opportunity Zone. Situated along Portola Drive in the heart of Pleasure Point, this high-visibility property includes an existing medical office building and an adjoining vacant lot, creating a unique opportunity for investors, developers, or owner-users seeking a strategic coastal location with long-term upside. The single-story building is currently configured as a chiropractic office with multiple treatment rooms and a flexible layout suitable for medical, wellness, or professional use. Strong street frontage and a generous on-site parking lot provide excellent visibility and accessibility along one of the areas prime commercial corridors. Preliminary architectural concepts have been explored for a 40+/- unit mixed-use development, presenting a compelling opportunity to reposition, redevelop, or land bank in a coastal market where development sites are increasingly limited. Located approximately three blocks from the iconic Pleasure Point surf break at The Hook and minutes from Capitola Village, the property sits within one of Santa Cruz County's most desirable coastal communities, surrounded by vibrant retail, restaurants, and year-round beach culture.

Location
Subdivision	-
County	SantaCruz
Elementary School	SoquelUnionElementary
Middle School	-
High School	-

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MLS number: ML82038868

Listing status: Active

Listing agent: Kasey Hinchman #01424163

Listing broker: David Lyng Real Estate (831) 476-0100

Last update: Wednesday, October 21 2026 at 10:10 p.m. EDT

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