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2300 Portola Dr 4,790 SF Vacant Industrial Building Santa Cruz, CA 95062 $6,888,888 ($1,438.18/SF) 1.45% Cap Rate



Executive Summary
Unique & Iconic Property Strategic Location: Nestled on Portola Drive in Santa Cruzs vibrant Live Oak area, this property sits along a well-traveled corridor connecting residential neighborhoods with Coastal attractions and businesses. Its proximity to major thoroughfares, beaches, parks, and local amenities enhances visibility and accessibility for diverse potential uses. Historic & Cultural Significance: This address is home to KSCO 1080 AM News Talk Radio, one of Santa Cruzs longstanding local radio stations, broadcasting since 1947. The building itself is known for its distinctive architectural character originally built to house the station and retaining memorable mid-century design charm. Zoning & Land Characteristics: According to county property data, the parcel(s) at 2300 Portola Dr span significant acreage and are presently classified in a zoning category that may support a range of commercial or mixed uses, subject to planning review. This potentially opens the door for adaptive reuse, redevelopment, or continued commercial occupancy. Character & Opportunity: This property stands out from typical listings due to its iconic local presence, historical ties, and flexible usage potential. Whether presented as a continuing broadcast venue, a redevelopment opportunity.
Property Facts
| Price | $6,888,888 | Building Class | B |
| Price Per SF | $1,438.18 | Lot Size | 6.79 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 4,790 SF |
| Cap Rate | 1.45% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1947 |
| Property Type | Industrial | Parking Ratio | 4.18/1,000 SF |
| Property Subtype | Warehouse | ||
| Zoning | PR | ||
| Price | $6,888,888 |
| Price Per SF | $1,438.18 |
| Sale Type | Investment or Owner User |
| Cap Rate | 1.45% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.79 AC |
| Rentable Building Area | 4,790 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 4.18/1,000 SF |
| Zoning | PR |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $405,863 | |
| Land Assessment | $351,741 | Total Assessment | $757,604 |
Property Taxes
Parcel Numbers
Land Assessment
$351,741
Improvements Assessment
$405,863
Total Assessment
$757,604
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2300 Portola Dr
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