3811 Portola Drive, Santa Cruz, CA 95062

Property Description

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.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

April 3, 2026 at 7:16AM

Listing Office:

David Lyng Real Estate : 831-429-5700

Listing Agent:

Kasey Hinchman : 831-239-3708

MLS ID:

ML82038868

Exterior

• Parking: Parking spaces: 0

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_MLSL
• County: Santa Cruz

Lot

• Zoning: C-203205122
• Fencing: Partial

Utilities

• Water: Public

Financial

• Source: CRMLS_MLSL