229 Laurel St

Mahoney & Associates is pleased to present for sale 229 Laurel St. Santa Cruz, 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 City’s 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.

Property Highlights:

• 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 City’s growth objectives.