Log In/Sign Up
Your email has been sent.
17 W Montecito St 16,508 SF Retail Building Santa Barbara, CA 93101 $7,800,000 ($472.50/SF)
Investment Highlights
- Fully Entitled 44 Room Hotel Development in an Excellent Santa Barbara Location!
Executive Summary
Very Rare, Fully Entitled, Santa Barbara Hotel Development Opportunity with Highway 101 exposure, close to Beach, Downtown State St and Funk Zone!
Dynamic Downtown Santa Barbara Core Location:
• Boasting one of the few hospitality projects in the Santa Barbara downtown core with Highway 101 visibility.
• Wonderfully located to capture the true essence of Santa Barbara. Positioned at the edge of the Funk Zone, 2 blocks to the
Beach, and ½ block from State St, this location allows the visitor to experience the best that Santa Barbara has to offer.
• Adjacent to the Amtrak train station enhancing overall occupancy rate, exposure and convenience.
Total Proposed Building Size: 44 keys consisting of 16,508 SF, including meeting room, and additional 3,459 SF Rooftop Deck
Bar/Lounge with food service. Liquor license available.
Room Mix: 34 King Rooms, 8 Double Queen Rooms, 2 King Suites. All rooms feature private patios/balconies.
Projected Star Rating: 3.5 Stars.
Anticipated ADR: $300
Land Size: 11,839 SF.
APN’s: 133-042-005, 006, 007
Zoning: HRC-2/SD-3 (Hotel and Related Commercial, Coastal Overlay) with a Local Coastal Plan Designation of Hotel & Related
Commerce II/Medium High Residential)
Parking: 10,000 SF subterranean parking structure consisting of 42 spaces with valet service. Adjacent to large, underutilized City
Parking lot.
Dynamic Downtown Santa Barbara Core Location:
• Boasting one of the few hospitality projects in the Santa Barbara downtown core with Highway 101 visibility.
• Wonderfully located to capture the true essence of Santa Barbara. Positioned at the edge of the Funk Zone, 2 blocks to the
Beach, and ½ block from State St, this location allows the visitor to experience the best that Santa Barbara has to offer.
• Adjacent to the Amtrak train station enhancing overall occupancy rate, exposure and convenience.
Total Proposed Building Size: 44 keys consisting of 16,508 SF, including meeting room, and additional 3,459 SF Rooftop Deck
Bar/Lounge with food service. Liquor license available.
Room Mix: 34 King Rooms, 8 Double Queen Rooms, 2 King Suites. All rooms feature private patios/balconies.
Projected Star Rating: 3.5 Stars.
Anticipated ADR: $300
Land Size: 11,839 SF.
APN’s: 133-042-005, 006, 007
Zoning: HRC-2/SD-3 (Hotel and Related Commercial, Coastal Overlay) with a Local Coastal Plan Designation of Hotel & Related
Commerce II/Medium High Residential)
Parking: 10,000 SF subterranean parking structure consisting of 42 spaces with valet service. Adjacent to large, underutilized City
Parking lot.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,508 SF
Building Class
B
Year Built
2026
Price
$7,800,000
Price Per SF
$472.50
Tenancy
Single
Building Height
3 Stories
Building FAR
2.92
Lot Size
0.13 AC
Zoning
HRC2SD
Parking
3 Spaces (0.18 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | 033-042-007 | Improvements Assessment | $81,120 |
| Land Assessment | $58,567 | Total Assessment | $139,687 |
Property Taxes
Parcel Number
033-042-007
Land Assessment
$58,567
Improvements Assessment
$81,120
Total Assessment
$139,687
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
17 W Montecito St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.