229 Laurel St. Santa Cruz, is 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 Citys 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. * 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 Citys growth objectives.
MLS #
ML82029585
MLS Source
MLSListings, Inc.
Days on Site
0
Parking Spaces
15
Present Use
Other
Utilities
Other, Water - Public
Cooling
None
Heating
Other
Roof
Flat
Foundation
Other
Sewer
Public Sewer
Water
Public
Zoning
CBD-E
229 Laurel St is a Commercial Sale in Santa Cruz, CA 95060. This 1,152 square foot property sits on a 8,015 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,195,000 and was built in 1948. This address can also be written as 229 Laurel St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of December 17, 2025. For the most current information, please contact James Kendall, (831) 275-0129