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“Flex” Property w/ Development Potential 1327 De La Vina St 1,573 SF Industrial Building Santa Barbara, CA 93101 $2,100,000 ($1,335.03/SF)
Investment Highlights
- Ceiling height: 11’ – 11’ 8”
- Approx. 1,502 SF “Flex” property (Industrial/Retail/Office) with development potential.
- The subject property is in the Priority Housing Overlay (37-63 du/acre) – Buyer to verify.
- Single level building.
- Potential development opportunity under the City’s Average Unit Density (AUD) Incentive Program.
Executive Summary
Rare opportunity to acquire a versatile “Flex Property” (Industrial, Retail, Office) and/or redevelop the site to accommodate residential units for mixed use on a large parcel in one of Santa Barbara’s most desirable locations. The property features a functional, small-footprint building, ideal for an owner-user seeking efficiency and flexibility.
The oversized lot provides valuable yard space, parking, and potential for expansion, while also presenting a unique opportunity to potentially add residential units (buyer to verify). This combination of flexibility of use with development upside is extremely rare in today’s supply-constrained market.
Well-suited for a variety uses (industrial, retail, office - or combination thereof), the property offers both immediate usability and long-term value creation. Strategically located just minutes from downtown with convenient access to major thoroughfares, 1327 De La Vina Street stands out as a compelling opportunity for both owner-users and investors.
The oversized lot provides valuable yard space, parking, and potential for expansion, while also presenting a unique opportunity to potentially add residential units (buyer to verify). This combination of flexibility of use with development upside is extremely rare in today’s supply-constrained market.
Well-suited for a variety uses (industrial, retail, office - or combination thereof), the property offers both immediate usability and long-term value creation. Strategically located just minutes from downtown with convenient access to major thoroughfares, 1327 De La Vina Street stands out as a compelling opportunity for both owner-users and investors.
Property Facts
Amenities
- Fenced Lot
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 039-121-008 | Improvements Assessment | $94,682 |
| Land Assessment | $342,881 | Total Assessment | $437,563 |
Property Taxes
Parcel Number
039-121-008
Land Assessment
$342,881
Improvements Assessment
$94,682
Total Assessment
$437,563
Contacts
-
Paul Gamberdella -
Gene Deering -
Frank Gamberdella -
Radius Commercial Real Estate
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“Flex” Property w/ Development Potential | 1327 De La Vina St
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