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Once in a lifetime chance to purchase an investment/development opportunity, just 1 block from Santa Barbara’s East beach and within Santa Barbara’s Hotel Corridor. This property is extremely versatile consisting of over 11,000 square feet. It’s divided up into 2 separate warehouses with high ceilings, office spaces available both upstairs and downstairs and complete with 14 parking spaces. Currently, there are 4 separate leasable spaces. One warehouse is divided in two, but can be opened up to accommodate a larger space. Currently, 2 spaces are leased and 2 are vacant. Owner is open to buying out existing leases and delivering the property vacant.
Strong development potential exists with almost half an acre, on an R-3 lot, in the hotel corridor, and within Santa Barbara’s Coastal Zone, which allows short term vacation rentals.
Property is adjacent to Dwight Murphy field with access to almost a 100 free parking spaces available from Sunrise to Sunset. Property has close access to East Beach, Santa Barbara Zoo, and the 101 freeway. Current owners have kept the property in the family for over 50 years.
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