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Additional details
$2,500,000
Est. payment /mo
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-3136
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 11325.6
Property Sub-Type Retail
Source Santa Barbara Multiple Listing Service
Property Description
517 Chapala Street is an entitled 0.26-acre redevelopment site in downtown Santa Barbara, one block off State Street. The ±11,325 SF C2-zoned lot currently operates as a car dealership, with residential entitlements providing a head start or flexibility for a new vision. Institutional investment is reshaping the area, including UC Regents' acquisition across the street and Yardi's HQ relocation nearby, bringing 600 employees into the district. With strong frontage and walkable access to State Street, Amtrak, and the waterfront--and with housing demand far outpacing supply--517 offers a rare shovel-ready opportunity in a highly constrained coastal market.
Location
State CA
County Santa Barbara
Others
Tax ID 037-163-025
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Colliers International Greater Los Angeles, Inc.