Excellent development potential on this large 15507 square foot parcel with existing single family home. Property is zoned RM-M for multi-family residential dwellings. According to the City of Capitola Planning Department there is a strong possibility for a 5 unit development. The existing large and clean 3 bedroom, 2 bath 1982 square foot home could be a good carrier for the property. There is a large 3 car detached garage. The home, garage and the back half of the property are all currently rented. The property has two month to month tenants. This is a rare multi-family residential development opportunity in the 41st. Ave. Corridor. The location has easy access to Capitola, beaches, shopping and restaurants. It is also an excellent commute location.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
