$8,000,000

If you are looking for a straightforward path to a high-density residential project, this location is about as ideal as it gets. Both lots are officially designated as an "AFFORDABLE HOUSING OPPORTUNITY SITE" under the Scotts Valley General Plan Housing Element and Municipal Code Title 17. This special zoning is specifically designed to allow for much higher-density housing projects than standard commercial space. The Development Breakdown: Base Capacity: You can build about 75 residential units out of the gate. Density Bonus: Utilizing the State Density Bonus program, subject to affordability and city guidelines, can push your potential density up to roughly 151 units. Current Layout & Income: The site consists of one vacant parcel and an adjoining parcel with an existing 9-unit apartment complex. All nine units are currently on month-to-month tenancies, giving you total flexibility while you plan your project. Ready for Review: A complete, up-to-date Development Potential Report dated October 2026 is available for qualified buyers. Marketing note: All development densities and potential entitlements are subject to applicable regulations, affordability requirements, site constraints, and City approval. No development rights or entitlements are guaranteed.