McCormick House 1600 Santa Barbara St 11,033 SF 100% Leased Office Building Santa Barbara, CA 93101 $7,500,000 ($679.75/SF)

Prime opportunity for the savvy developer/investor to take advantage of the City of Santa Barbara's brand-new Adaptive Re-Use ordinance along with favorable R-M zoning, to re-purpose inside the walls of a classic historic building into apartments or condominiums. As one of Santa Barbara's most treasured and unique properties, in an A++ location where downtown transitions to the Upper East and directly across from Alick Keck Park gardens, ''The McCormick House'' has been used commercially since the late 1960's as an art education center. The approx. 12,500+/-SF structure (incl. full ceiling height lower level) had a major systems renovation in the 1990's. Mills Act potential property tax reduction may add to the investment benefits. See in Photos and Documents for floorplans, ordinance codes and land-use reports, and contact listing agent for more details about how Adaptive Re-Use can apply and examples of how this building fits well for a profitable re-development within the walls. This is a true one-of-a-kind opportunity in the very best of locations in one of the world's premier coastal cities.