Price Reduced48$3,995,000
3 bd · 2 ba · 1,850 sqft
1500 Wharf Road, Capitola, CA
Paul Bailey · Bailey Properties
45 days on Realty
—
Building
26,337 sqft
Lot
1961
Built
High visibility redevelopment site directly across from the Capitola Mall. This infill site is the perfect location for a new commercial, mixed-use, multi-family or hotel project. The city confirmed that affordable housing developments can be approved through a ministerial process using AB 2011. The property is located in the main retail destination in the county, with approximately 1.2 million square feet of retail space at the intersection of Capitola Road and 41st Avenue. The Capitola Mall is the largest retail development in Santa Cruz County with 584,000 SF of space. The city recently re-zoned the mall to allow up to 1,777 residential units to be built on the site. Major retailers in the area include Target, Whole Foods, New Leaf, CVS, Trader Joe's, Kohl's, Macy's, Michaels, and Ross. The site is a short distance from Pleasure Point, The Hook, and Capitola Beach, as well as Capitola Village. This is the rare opportunity to acquire a corner lot with exceptional development potential in one of the most active locations in Santa Cruz County.
Listing agent
Joshua Johnson
Courtesy of Marcus & Millichap
bridgeMLS · Listing ML82054966
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Courtesy of Marcus & Millichap
Listing agent: Joshua Johnson · Listing ML82054966
MLSListingsCourtesy of Marcus & Millichap
Listing agent: Joshua Johnson · Listing ML82054966
2026 roll
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California Regional Multiple Listing Service (CRMLS)This content last refreshed on 2026-09-04 01:30:35 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Within 2 miles of this home: 40+ restaurants and cafés, 12 grocery stores, 40+ parks and green spaces, and 18+ transit stops.
Place data from OpenStreetMap.
East End Gastropub
Bamboo Garden
Chinese restaurant
Chinese Village
Chinese restaurant
Erik's Deli Cafe
Main St. Bagels
Baskin-Robbins
41st Avenue
Takara
Japanese restaurant
Tacos Moreno
Mexican restaurant
New Leaf Community Markets
Save-Mart
New Leaf Community Market
Whole Foods Market
41st Avenue
Trader Joe's
Clares Street
Live Oak Super
Live Oak Farmer's Market Sun PM
Nob Hill Foods
Bay Avenue
Brommer Street Park Playground
Brommer Street Park
30th Avenue
Jade Street Park Playground
Jade Street Park
Floral Park
Private's Beach
Private's Nude Beach
Santa Cruz holding 8
38th Avenue & Reposa Avenue
1255 38th Avenue
1465 38th Avenue
1098 38th Avenue
1099 38th Avenue
Capitola Road & Thompson Avenue
Capitola Road & Clares Street
41st Avenue & Brommer Street