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2628-2650 Soquel Dr - Silver Spur Assemblage 1.21 Acres of Commercial Land Offered at $4,995,000 in Santa Cruz, CA 95065
Investment Highlights
- Fully assembled four-parcel site with over 52,000 SF of land area.
- Directly served by public transit along the Santa Cruz Metro corridor.
- Flexible zoning compatibility allows for senior housing, mixed-use, workforce housing, and medical uses.
- Prominent frontage on Soquel Drive at Mattison Lane with signalized access.
- Situated adjacent to major medical centers and regional employment hubs.
- Located outside the Coastal Zone, expediting entitlement processes relative to coastal properties.
Executive Summary
The site spans four contiguous parcels and is surrounded by established infrastructure within the Urban Services Area. Its C-1 zoning and general plan designation support a range of high-demand development options, including senior living, workforce/affordable housing, multifamily residential, mixed-use configurations, and medical/outpatient facilities. This flexibility aligns with regional housing and healthcare growth trends, allowing for innovative and impactful development projects.
Notably, the property is located outside the Coastal Zone, reducing entitlement complexity compared to many competing sites in this supply-constrained market. Combined with proximity to Dominican Hospital, Sutter Health facilities, and nearby retail amenities, the Silver Spur Assemblage is uniquely positioned to meet the needs of a dynamic and expanding community.
Property Facts
| Price | $4,995,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.21 AC |
| Property Type | Land | ||
| Zoning | C-1 - Commercial | ||
| Price | $4,995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.21 AC |
| Zoning | C-1 - Commercial |
1 Lot Available
Lot
| Price | $4,995,000 | Lot Size | 1.21 AC |
| Price Per AC | $4,128,099.17 |
| Price | $4,995,000 |
| Price Per AC | $4,128,099.17 |
| Lot Size | 1.21 AC |
Fully assembled 1.21-acre commercial land assemblage with Soquel Drive frontage at a signalized intersection. Flexible development potential for housing, medical, and mixed-use projects near major healthcare and employment centers.
Description
The Silver Spur Assemblage at 2628-2650 Soquel Drive presents a fully assembled four-parcel infill development opportunity totaling more than 52,000 square feet of land area. Positioned along the Soquel Drive corridor at a signalized intersection, the property offers prominent frontage, public transit access, and proximity to major healthcare facilities and employment centers within Santa Cruz County. Flexible zoning compatibility supports a range of potential uses, including senior housing, workforce and affordable housing, multifamily residential, mixed-use development, and medical-related projects. The site is located outside the Coastal Zone, which may streamline entitlement timelines compared to coastal properties. Its central Mid-County location provides convenient access to regional transportation routes, established residential neighborhoods, and key commercial services, creating a compelling setting for future development and long-term investment.
