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.
MLS #
ML82038443
MLS Source
MLSListings, Inc.
Days on Site
1
Parking Spaces
10
Present Use
Medical/Dental
Utilities
Public Utilities, Water - Public
Cooling
Other
Heating
Forced Air
Roof
Composition
Foundation
Concrete Perimeter and Slab
Sewer
Public Sewer
Water
Public
Zoning
C-2
3811 Portola Dr is a Commercial Sale in Santa Cruz, CA 95062. This 2,366 square foot property sits on a 21,562 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,500,000 and was built in 1956. This address can also be written as 3811 Portola Dr, Santa Cruz, CA 95062.
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This listing information is up-to-date as of March 13, 2026. For the most current information, please contact Kasey Hinchman, (831) 239-3708