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$ 2,000,000
Est. payment | /mo
0.49 Acres Lot
$ 2,000,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26816075
HOA Y/N No
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Unimproved Land
Property Description
425 1st Street in Solvang presents a rare 21,344 SF VMU (Village Mixed Use) development site located just one block from Copenhagen Drive in the heart of the city's high-traffic tourism corridor. The property, formerly the Water Wheel building and scheduled for demolition, offers a true clean-slate opportunity for a variety of uses including boutique hotel, mixed-use, residential, or senior housing. Positioned within the highly desirable Santa Ynez Valley, the site benefits from strong tourism demand, walkability to shops, restaurants, and tasting rooms, and a significant lack of new boutique hotel supply. VMU zoning provides flexibility for multiple development strategies, with potential to increase density through California State Density Bonus Law (buyer to verify).
Location
State CA
County Santa Barbara
Interior
Fireplace No
Exterior
View Y/N true
View City Lights, Park/Greenbelt, Mountain(s)
Building
New Construction No
Others
Tax ID 139192024
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Listed by Hooman Emanuel • Keller Williams Studio City
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